Gandhar Oil Refinery (India) Balance Sheet Health
Financial Health criteria checks 6/6
Gandhar Oil Refinery (India) has a total shareholder equity of ₹12.6B and total debt of ₹1.6B, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are ₹20.7B and ₹8.1B respectively. Gandhar Oil Refinery (India)'s EBIT is ₹1.9B making its interest coverage ratio 5.8. It has cash and short-term investments of ₹1.8B.
Key information
12.6%
Debt to equity ratio
₹1.59b
Debt
| Interest coverage ratio | 5.8x |
| Cash | ₹1.84b |
| Equity | ₹12.60b |
| Total liabilities | ₹8.09b |
| Total assets | ₹20.70b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GANDHAR's short term assets (₹16.7B) exceed its short term liabilities (₹7.1B).
Long Term Liabilities: GANDHAR's short term assets (₹16.7B) exceed its long term liabilities (₹994.8M).
Debt to Equity History and Analysis
Debt Level: GANDHAR has more cash than its total debt.
Reducing Debt: GANDHAR's debt to equity ratio has reduced from 51.9% to 12.6% over the past 5 years.
Debt Coverage: GANDHAR's debt is well covered by operating cash flow (25.8%).
Interest Coverage: GANDHAR's interest payments on its debt are well covered by EBIT (5.8x coverage).