Ganga Forging Balance Sheet Health
Financial Health criteria checks 3/6
Ganga Forging has a total shareholder equity of ₹200.0M and total debt of ₹106.3M, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are ₹397.4M and ₹197.4M respectively. Ganga Forging's EBIT is ₹15.2M making its interest coverage ratio 2. It has cash and short-term investments of ₹606.0K.
Key information
53.2%
Debt to equity ratio
₹106.34m
Debt
| Interest coverage ratio | 2x |
| Cash | ₹606.00k |
| Equity | ₹200.01m |
| Total liabilities | ₹197.42m |
| Total assets | ₹397.43m |
Financial Position Analysis
Short Term Liabilities: GANGAFORGE's short term assets (₹231.8M) exceed its short term liabilities (₹166.0M).
Long Term Liabilities: GANGAFORGE's short term assets (₹231.8M) exceed its long term liabilities (₹31.4M).
Debt to Equity History and Analysis
Debt Level: GANGAFORGE's net debt to equity ratio (52.9%) is considered high.
Reducing Debt: GANGAFORGE's debt to equity ratio has reduced from 89.8% to 53.2% 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 (2x coverage).