Gulf Oil Lubricants India Balance Sheet Health
Financial Health criteria checks 6/6
Gulf Oil Lubricants India has a total shareholder equity of ₹12.0B and total debt of ₹4.1B, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are ₹22.3B and ₹10.3B respectively. Gulf Oil Lubricants India's EBIT is ₹3.4B making its interest coverage ratio -9.1. It has cash and short-term investments of ₹7.2B.
Key information
34.4%
Debt to equity ratio
₹4.13b
Debt
| Interest coverage ratio | -9.1x |
| Cash | ₹7.23b |
| Equity | ₹12.01b |
| Total liabilities | ₹10.26b |
| Total assets | ₹22.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 538567's short term assets (₹18.4B) exceed its short term liabilities (₹9.8B).
Long Term Liabilities: 538567's short term assets (₹18.4B) exceed its long term liabilities (₹417.8M).
Debt to Equity History and Analysis
Debt Level: 538567 has more cash than its total debt.
Reducing Debt: 538567's debt to equity ratio has reduced from 61.2% to 34.4% over the past 5 years.
Debt Coverage: 538567's debt is well covered by operating cash flow (78.1%).
Interest Coverage: 538567 earns more interest than it pays, so coverage of interest payments is not a concern.