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).