Gulf Oil Lubricants India Balance Sheet Health
Financial Health criteria checks 6/6
Gulf Oil Lubricants India has a total shareholder equity of ₹14.4B and total debt of ₹4.3B, which brings its debt-to-equity ratio to 30%. Its total assets and total liabilities are ₹26.4B and ₹12.0B respectively. Gulf Oil Lubricants India's EBIT is ₹3.9B making its interest coverage ratio -9.4. It has cash and short-term investments of ₹8.9B.
Key information
30.0%
Debt to equity ratio
₹4.32b
Debt
| Interest coverage ratio | -9.4x |
| Cash | ₹8.90b |
| Equity | ₹14.38b |
| Total liabilities | ₹12.04b |
| Total assets | ₹26.43b |
Recent financial health updates
Does Gulf Oil Lubricants India (NSE:GULFOILLUB) Have A Healthy Balance Sheet?
Nov 29
These 4 Measures Indicate That Gulf Oil Lubricants India (NSE:GULFOILLUB) Is Using Debt Reasonably Well
Feb 23We Think Gulf Oil Lubricants India (NSE:GULFOILLUB) Can Stay On Top Of Its Debt
May 29These 4 Measures Indicate That Gulf Oil Lubricants India (NSE:GULFOILLUB) Is Using Debt Reasonably Well
Feb 26Recent updates
Shareholders May Be More Conservative With Gulf Oil Lubricants India Limited's (NSE:GULFOILLUB) CEO Compensation For Now
Sep 06Gulf Oil Lubricants India Limited's (NSE:GULFOILLUB) Shares Bounce 26% But Its Business Still Trails The Market
Sep 05Gulf Oil Lubricants India Limited's (NSE:GULFOILLUB) Shares Bounce 29% But Its Business Still Trails The Market
Jul 12Little Excitement Around Gulf Oil Lubricants India Limited's (NSE:GULFOILLUB) Earnings
Feb 03Returns On Capital Signal Tricky Times Ahead For Gulf Oil Lubricants India (NSE:GULFOILLUB)
Dec 28Does Gulf Oil Lubricants India (NSE:GULFOILLUB) Have A Healthy Balance Sheet?
Nov 29Gulf Oil Lubricants India (NSE:GULFOILLUB) Has Announced That Its Dividend Will Be Reduced To ₹5.00
Sep 08Gulf Oil Lubricants India (NSE:GULFOILLUB) Has Announced That Its Dividend Will Be Reduced To ₹5.00
Aug 23Gulf Oil Lubricants India (NSE:GULFOILLUB) Is Reducing Its Dividend To ₹5.00
Aug 06These 4 Measures Indicate That Gulf Oil Lubricants India (NSE:GULFOILLUB) Is Using Debt Reasonably Well
Feb 23Returns On Capital Signal Tricky Times Ahead For Gulf Oil Lubricants India (NSE:GULFOILLUB)
Nov 30Gulf Oil Lubricants India's (NSE:GULFOILLUB) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 28Gulf Oil Lubricants India's (NSE:GULFOILLUB) Dividend Will Be Increased To ₹9.00
Aug 14We Think Gulf Oil Lubricants India (NSE:GULFOILLUB) Can Stay On Top Of Its Debt
May 29Estimating The Fair Value Of Gulf Oil Lubricants India Limited (NSE:GULFOILLUB)
Mar 16These 4 Measures Indicate That Gulf Oil Lubricants India (NSE:GULFOILLUB) Is Using Debt Reasonably Well
Feb 26Is It Smart To Buy Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) Before It Goes Ex-Dividend?
Feb 11Gulf Oil Lubricants India Limited's (NSE:GULFOILLUB) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?
Feb 04Gulf Oil Lubricants India Limited's (NSE:GULFOILLUB) Stock Is Going Strong: Is the Market Following Fundamentals?
Jan 22Here's Why Gulf Oil Lubricants India's (NSE:GULFOILLUB) Statutory Earnings Are Arguably Too Conservative
Jan 09What We Learned About Gulf Oil Lubricants India's (NSE:GULFOILLUB) CEO Pay
Dec 27
Gulf Oil Lubricants India (NSE:GULFOILLUB) Shareholders Booked A 58% Gain In The Last Five Years
Dec 14Is Gulf Oil Lubricants India (NSE:GULFOILLUB) Likely To Turn Things Around?
Dec 01Financial Position Analysis
Short Term Liabilities: GULFOILLUB's short term assets (₹21.4B) exceed its short term liabilities (₹11.5B).
Long Term Liabilities: GULFOILLUB's short term assets (₹21.4B) exceed its long term liabilities (₹560.0M).
Debt to Equity History and Analysis
Debt Level: GULFOILLUB has more cash than its total debt.
Reducing Debt: GULFOILLUB's debt to equity ratio has reduced from 43.9% to 30% over the past 5 years.
Debt Coverage: GULFOILLUB's debt is well covered by operating cash flow (76.9%).
Interest Coverage: GULFOILLUB earns more interest than it pays, so coverage of interest payments is not a concern.