Gandhar Oil Refinery (India) Balance Sheet Health
Financial Health criteria checks 5/6
Gandhar Oil Refinery (India) has a total shareholder equity of ₹8.7B and total debt of ₹3.9B, which brings its debt-to-equity ratio to 45.1%. Its total assets and total liabilities are ₹18.0B and ₹9.8B respectively. Gandhar Oil Refinery (India)'s EBIT is ₹2.8B making its interest coverage ratio 8.8. It has cash and short-term investments of ₹1.4B.
Key information
45.1%
Debt to equity ratio
₹3.91b
Debt
Interest coverage ratio | 8.8x |
Cash | ₹1.41b |
Equity | ₹8.68b |
Total liabilities | ₹9.85b |
Total assets | ₹17.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GANDHAR's short term assets (₹14.5B) exceed its short term liabilities (₹9.2B).
Long Term Liabilities: GANDHAR's short term assets (₹14.5B) exceed its long term liabilities (₹650.2M).
Debt to Equity History and Analysis
Debt Level: GANDHAR's net debt to equity ratio (28.8%) is considered satisfactory.
Reducing Debt: GANDHAR's debt to equity ratio has reduced from 67.4% to 45.1% over the past 5 years.
Debt Coverage: GANDHAR's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: GANDHAR's interest payments on its debt are well covered by EBIT (8.8x coverage).