Goa Carbon Balance Sheet Health
Financial Health criteria checks 3/6
Goa Carbon has a total shareholder equity of ₹2.3B and total debt of ₹2.6B, which brings its debt-to-equity ratio to 113.5%. Its total assets and total liabilities are ₹5.3B and ₹2.9B respectively. Goa Carbon's EBIT is ₹528.6M making its interest coverage ratio 16.5. It has cash and short-term investments of ₹1.5B.
Key information
113.5%
Debt to equity ratio
₹2.64b
Debt
| Interest coverage ratio | 16.5x |
| Cash | ₹1.48b |
| Equity | ₹2.32b |
| Total liabilities | ₹2.93b |
| Total assets | ₹5.25b |
Recent financial health updates
Does Goa Carbon (NSE:GOACARBON) Have A Healthy Balance Sheet?
Jan 18
Goa Carbon (NSE:GOACARBON) Is Carrying A Fair Bit Of Debt
Dec 12Recent updates
Market Still Lacking Some Conviction On Goa Carbon Limited (NSE:GOACARBON)
Dec 12Weak Statutory Earnings May Not Tell The Whole Story For Goa Carbon (NSE:GOACARBON)
Nov 16There's No Escaping Goa Carbon Limited's (NSE:GOACARBON) Muted Earnings Despite A 26% Share Price Rise
Apr 12Estimating The Fair Value Of Goa Carbon Limited (NSE:GOACARBON)
Apr 08Does Goa Carbon (NSE:GOACARBON) Have A Healthy Balance Sheet?
Jan 18Improved Earnings Required Before Goa Carbon Limited (NSE:GOACARBON) Stock's 33% Jump Looks Justified
Jan 18Goa Carbon Limited's (NSE:GOACARBON) Prospects Need A Boost To Lift Shares
Mar 01Goa Carbon (NSE:GOACARBON) Is Carrying A Fair Bit Of Debt
Dec 12Financial Position Analysis
Short Term Liabilities: GOACARBON's short term assets (₹4.7B) exceed its short term liabilities (₹2.9B).
Long Term Liabilities: GOACARBON's short term assets (₹4.7B) exceed its long term liabilities (₹42.6M).
Debt to Equity History and Analysis
Debt Level: GOACARBON's net debt to equity ratio (49.8%) is considered high.
Reducing Debt: GOACARBON's debt to equity ratio has increased from 0% to 113.5% over the past 5 years.
Debt Coverage: GOACARBON's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GOACARBON's interest payments on its debt are well covered by EBIT (16.5x coverage).