Geekay Wires Balance Sheet Health
Financial Health criteria checks 4/6
Geekay Wires has a total shareholder equity of ₹1.2B and total debt of ₹939.1M, which brings its debt-to-equity ratio to 77.3%. Its total assets and total liabilities are ₹2.6B and ₹1.4B respectively. Geekay Wires's EBIT is ₹625.2M making its interest coverage ratio 10.4. It has cash and short-term investments of ₹23.0M.
Key information
77.3%
Debt to equity ratio
₹939.14m
Debt
| Interest coverage ratio | 10.4x |
| Cash | ₹23.01m |
| Equity | ₹1.22b |
| Total liabilities | ₹1.40b |
| Total assets | ₹2.61b |
Recent financial health updates
Geekay Wires (NSE:GEEKAYWIRE) Seems To Use Debt Quite Sensibly
May 29
Geekay Wires (NSE:GEEKAYWIRE) Is Carrying A Fair Bit Of Debt
Dec 07Is Geekay Wires (NSE:GEEKAYWIRE) Using Too Much Debt?
Jul 14Is Geekay Wires (NSE:GEEKAYWIRE) A Risky Investment?
Mar 30Is Geekay Wires (NSE:GEEKAYWIRE) Using Too Much Debt?
Sep 13We Think Geekay Wires (NSE:GEEKAYWIRE) Is Taking Some Risk With Its Debt
Dec 20Recent updates
Geekay Wires' (NSE:GEEKAYWIRE) Profits May Not Reveal Underlying Issues
Aug 15Geekay Wires (NSE:GEEKAYWIRE) Seems To Use Debt Quite Sensibly
May 29Should You Be Adding Geekay Wires (NSE:GEEKAYWIRE) To Your Watchlist Today?
May 08Why The 48% Return On Capital At Geekay Wires (NSE:GEEKAYWIRE) Should Have Your Attention
Apr 08Slammed 26% Geekay Wires Limited (NSE:GEEKAYWIRE) Screens Well Here But There Might Be A Catch
Mar 18Geekay Wires' (NSE:GEEKAYWIRE) Strong Earnings Are Of Good Quality
Feb 14Market Might Still Lack Some Conviction On Geekay Wires Limited (NSE:GEEKAYWIRE) Even After 25% Share Price Boost
Feb 01We Ran A Stock Scan For Earnings Growth And Geekay Wires (NSE:GEEKAYWIRE) Passed With Ease
Jan 30Geekay Wires (NSE:GEEKAYWIRE) Is Carrying A Fair Bit Of Debt
Dec 07A Look At The Intrinsic Value Of Geekay Wires Limited (NSE:GEEKAYWIRE)
Oct 13Does Geekay Wires (NSE:GEEKAYWIRE) Deserve A Spot On Your Watchlist?
Aug 29Is Geekay Wires (NSE:GEEKAYWIRE) Using Too Much Debt?
Jul 14Returns on Capital Paint A Bright Future For Geekay Wires (NSE:GEEKAYWIRE)
May 31Is Now The Time To Put Geekay Wires (NSE:GEEKAYWIRE) On Your Watchlist?
May 05Is Geekay Wires (NSE:GEEKAYWIRE) A Risky Investment?
Mar 30There's Been No Shortage Of Growth Recently For Geekay Wires' (NSE:GEEKAYWIRE) Returns On Capital
Jan 11We Ran A Stock Scan For Earnings Growth And Geekay Wires (NSE:GEEKAYWIRE) Passed With Ease
Nov 08Is Geekay Wires (NSE:GEEKAYWIRE) Using Too Much Debt?
Sep 13Returns On Capital At Geekay Wires (NSE:GEEKAYWIRE) Have Stalled
May 28We Think Geekay Wires (NSE:GEEKAYWIRE) Is Taking Some Risk With Its Debt
Dec 20Here's What To Make Of Geekay Wires' (NSE:GEEKAYWIRE) Decelerating Rates Of Return
Jul 26Geekay Wires (NSE:GEEKAYWIRE) Has A Somewhat Strained Balance Sheet
Jun 25Should You Be Adding Geekay Wires (NSE:GEEKAYWIRE) To Your Watchlist Today?
May 27Is Geekay Wires (NSE:GEEKAYWIRE) A Risky Investment?
Mar 15Here's Why I Think Geekay Wires (NSE:GEEKAYWIRE) Is An Interesting Stock
Feb 26Are You An Income Investor? Don't Miss Out On Geekay Wires Limited (NSE:GEEKAYWIRE)
Feb 08
A Closer Look At Geekay Wires Limited's (NSE:GEEKAYWIRE) Impressive ROE
Jan 18The Chairman & MD of Geekay Wires Limited (NSE:GEEKAYWIRE), Ghanshyam Dass, Just Bought A Few More Shares
Dec 28Is Geekay Wires (NSE:GEEKAYWIRE) Using Too Much Debt?
Dec 08Trade Alert: The Whole Time Director Of Geekay Wires Limited (NSE:GEEKAYWIRE), Anuj Kandoi, Has Just Spent ₹318k Buying A Few More Shares
Nov 17Financial Position Analysis
Short Term Liabilities: GEEKAYWIRE's short term assets (₹1.7B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: GEEKAYWIRE's short term assets (₹1.7B) exceed its long term liabilities (₹209.8M).
Debt to Equity History and Analysis
Debt Level: GEEKAYWIRE's net debt to equity ratio (75.4%) is considered high.
Reducing Debt: GEEKAYWIRE's debt to equity ratio has reduced from 209.9% to 77.3% over the past 5 years.
Debt Coverage: GEEKAYWIRE's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: GEEKAYWIRE's interest payments on its debt are well covered by EBIT (10.4x coverage).