India Gelatine & Chemicals Balance Sheet Health
Financial Health criteria checks 5/6
India Gelatine & Chemicals has a total shareholder equity of ₹1.6B and total debt of ₹70.5M, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are ₹1.9B and ₹283.5M respectively. India Gelatine & Chemicals's EBIT is ₹189.8M making its interest coverage ratio -9.5. It has cash and short-term investments of ₹322.1M.
Key information
4.4%
Debt to equity ratio
₹70.49m
Debt
| Interest coverage ratio | -9.5x |
| Cash | ₹322.11m |
| Equity | ₹1.61b |
| Total liabilities | ₹283.47m |
| Total assets | ₹1.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531253's short term assets (₹938.8M) exceed its short term liabilities (₹144.7M).
Long Term Liabilities: 531253's short term assets (₹938.8M) exceed its long term liabilities (₹138.7M).
Debt to Equity History and Analysis
Debt Level: 531253 has more cash than its total debt.
Reducing Debt: 531253's debt to equity ratio has increased from 0% to 4.4% over the past 5 years.
Debt Coverage: 531253's debt is well covered by operating cash flow (164.6%).
Interest Coverage: 531253 earns more interest than it pays, so coverage of interest payments is not a concern.