Gandhar Oil Refinery (India) Balance Sheet Health
Financial Health criteria checks 5/6
Gandhar Oil Refinery (India) has a total shareholder equity of ₹12.2B and total debt of ₹2.0B, which brings its debt-to-equity ratio to 16.6%. Its total assets and total liabilities are ₹19.4B and ₹7.2B respectively. Gandhar Oil Refinery (India)'s EBIT is ₹2.6B making its interest coverage ratio 4.4. It has cash and short-term investments of ₹2.8B.
Key information
16.6%
Debt to equity ratio
₹2.03b
Debt
Interest coverage ratio | 4.4x |
Cash | ₹2.77b |
Equity | ₹12.24b |
Total liabilities | ₹7.16b |
Total assets | ₹19.40b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GANDHAR's short term assets (₹15.5B) exceed its short term liabilities (₹6.2B).
Long Term Liabilities: GANDHAR's short term assets (₹15.5B) exceed its long term liabilities (₹1.0B).
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 62.2% to 16.6% over the past 5 years.
Debt Coverage: GANDHAR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GANDHAR's interest payments on its debt are well covered by EBIT (4.4x coverage).