Garware Hi-Tech Films Balance Sheet Health
Financial Health criteria checks 6/6
Garware Hi-Tech Films has a total shareholder equity of ₹20.4B and total debt of ₹199.1M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are ₹23.2B and ₹2.8B respectively. Garware Hi-Tech Films's EBIT is ₹3.0B making its interest coverage ratio 31.4. It has cash and short-term investments of ₹3.9B.
Key information
1.0%
Debt to equity ratio
₹199.10m
Debt
| Interest coverage ratio | 31.4x |
| Cash | ₹3.88b |
| Equity | ₹20.45b |
| Total liabilities | ₹2.79b |
| Total assets | ₹23.24b |
Recent financial health updates
Recent updates
With EPS Growth And More, Garware Hi-Tech Films (NSE:GRWRHITECH) Makes An Interesting Case
Aug 30
Improved Earnings Required Before Garware Hi-Tech Films Limited (NSE:GRWRHITECH) Stock's 36% Jump Looks Justified
Aug 10Investors Will Want Garware Hi-Tech Films' (NSE:GRWRHITECH) Growth In ROCE To Persist
Jul 13The Market Doesn't Like What It Sees From Garware Hi-Tech Films Limited's (NSE:GRWRHITECH) Earnings Yet
May 31Garware Hi-Tech Films Limited (NSE:GRWRHITECH) Surges 27% Yet Its Low P/E Is No Reason For Excitement
Feb 24Is 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 (₹7.7B) exceed its short term liabilities (₹2.2B).
Long Term Liabilities: GRWRHITECH's short term assets (₹7.7B) exceed its long term liabilities (₹570.0M).
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 8.6% to 1% over the past 5 years.
Debt Coverage: GRWRHITECH's debt is well covered by operating cash flow (864.4%).
Interest Coverage: GRWRHITECH's interest payments on its debt are well covered by EBIT (31.4x coverage).