Garware Hi-Tech Films Balance Sheet Health
Financial Health criteria checks 6/6
Garware Hi-Tech Films has a total shareholder equity of ₹19.3B and total debt of ₹536.9M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are ₹22.1B and ₹2.9B respectively. Garware Hi-Tech Films's EBIT is ₹2.3B making its interest coverage ratio 28.1. It has cash and short-term investments of ₹3.6B.
Key information
2.8%
Debt to equity ratio
₹536.90m
Debt
| Interest coverage ratio | 28.1x |
| Cash | ₹3.56b |
| Equity | ₹19.26b |
| Total liabilities | ₹2.86b |
| Total assets | ₹22.12b |
Recent financial health updates
Recent updates
Garware Hi-Tech Films Limited (NSE:GRWRHITECH) Surges 27% Yet Its Low P/E Is No Reason For Excitement
Feb 24
Is Garware Hi-Tech Films (NSE:GRWRHITECH) A Risky Investment?
Feb 09Garware Hi-Tech Films Limited (NSE:GRWRHITECH) Screens Well But There Might Be A Catch
Jan 09Garware Hi-Tech Films (NSE:GRWRHITECH) Is Paying Out A Dividend Of ₹10.00
Sep 11Garware Hi-Tech Films' (NSE:GRWRHITECH) Dividend Will Be ₹10.00
Aug 28Garware Hi-Tech Films (NSE:GRWRHITECH) Will Pay A Dividend Of ₹10.00
Aug 14Garware Hi-Tech Films (NSE:GRWRHITECH) Might Have The Makings Of A Multi-Bagger
Jul 29Returns At Garware Hi-Tech Films (NSE:GRWRHITECH) Are On The Way Up
Mar 18Garware Hi-Tech Films (NSE:GRWRHITECH) Strong Profits May Be Masking Some Underlying Issues
Nov 19Market Still Lacking Some Conviction On Garware Hi-Tech Films Limited (NSE:GRWRHITECH)
Feb 28Financial Position Analysis
Short Term Liabilities: GRWRHITECH's short term assets (₹6.6B) exceed its short term liabilities (₹2.2B).
Long Term Liabilities: GRWRHITECH's short term assets (₹6.6B) exceed its long term liabilities (₹679.2M).
Debt to Equity History and Analysis
Debt Level: GRWRHITECH has more cash than its total debt.
Reducing Debt: GRWRHITECH's debt to equity ratio has reduced from 11.3% to 2.8% over the past 5 years.
Debt Coverage: GRWRHITECH's debt is well covered by operating cash flow (398.7%).
Interest Coverage: GRWRHITECH's interest payments on its debt are well covered by EBIT (28.1x coverage).