Goodluck India Balance Sheet Health
Financial Health criteria checks 5/6
Goodluck India has a total shareholder equity of ₹11.5B and total debt of ₹6.1B, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are ₹20.3B and ₹8.8B respectively. Goodluck India's EBIT is ₹2.6B making its interest coverage ratio 3.4. It has cash and short-term investments of ₹2.1B.
Key information
53.2%
Debt to equity ratio
₹6.12b
Debt
Interest coverage ratio | 3.4x |
Cash | ₹2.11b |
Equity | ₹11.51b |
Total liabilities | ₹8.82b |
Total assets | ₹20.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530655's short term assets (₹14.2B) exceed its short term liabilities (₹7.4B).
Long Term Liabilities: 530655's short term assets (₹14.2B) exceed its long term liabilities (₹1.5B).
Debt to Equity History and Analysis
Debt Level: 530655's net debt to equity ratio (34.9%) is considered satisfactory.
Reducing Debt: 530655's debt to equity ratio has reduced from 162.7% to 53.2% over the past 5 years.
Debt Coverage: 530655's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 530655's interest payments on its debt are well covered by EBIT (3.4x coverage).