Ganga Forging Balance Sheet Health
Financial Health criteria checks 4/6
Ganga Forging has a total shareholder equity of ₹321.0M and total debt of ₹91.7M, which brings its debt-to-equity ratio to 28.6%. Its total assets and total liabilities are ₹499.7M and ₹178.7M respectively. Ganga Forging's EBIT is ₹15.8M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹3.0M.
Key information
28.6%
Debt to equity ratio
₹91.74m
Debt
| Interest coverage ratio | 1.9x |
| Cash | ₹2.96m |
| Equity | ₹321.00m |
| Total liabilities | ₹178.73m |
| Total assets | ₹499.74m |
Financial Position Analysis
Short Term Liabilities: GANGAFORGE's short term assets (₹333.5M) exceed its short term liabilities (₹160.1M).
Long Term Liabilities: GANGAFORGE's short term assets (₹333.5M) exceed its long term liabilities (₹18.6M).
Debt to Equity History and Analysis
Debt Level: GANGAFORGE's net debt to equity ratio (27.7%) is considered satisfactory.
Reducing Debt: GANGAFORGE's debt to equity ratio has reduced from 85.3% to 28.6% over the past 5 years.
Debt Coverage: GANGAFORGE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GANGAFORGE's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 00:18 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Ganga Forging Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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