India Glycols Balance Sheet Health
Financial Health criteria checks 4/6
India Glycols has a total shareholder equity of ₹19.7B and total debt of ₹11.1B, which brings its debt-to-equity ratio to 56.3%. Its total assets and total liabilities are ₹51.2B and ₹31.5B respectively. India Glycols's EBIT is ₹3.2B making its interest coverage ratio 4.3. It has cash and short-term investments of ₹1.1B.
Key information
56.3%
Debt to equity ratio
₹11.08b
Debt
Interest coverage ratio | 4.3x |
Cash | ₹1.06b |
Equity | ₹19.67b |
Total liabilities | ₹31.52b |
Total assets | ₹51.19b |
Recent financial health updates
India Glycols (NSE:INDIAGLYCO) Seems To Be Using A Lot Of Debt
Jun 20India Glycols (NSE:INDIAGLYCO) Has No Shortage Of Debt
Aug 23Is India Glycols (NSE:INDIAGLYCO) Using Too Much Debt?
Feb 15India Glycols (NSE:INDIAGLYCO) Use Of Debt Could Be Considered Risky
Nov 14Recent updates
India Glycols' (NSE:INDIAGLYCO) Returns On Capital Not Reflecting Well On The Business
Apr 04Even With A 26% Surge, Cautious Investors Are Not Rewarding India Glycols Limited's (NSE:INDIAGLYCO) Performance Completely
Jan 05Here's What's Concerning About India Glycols' (NSE:INDIAGLYCO) Returns On Capital
Jan 02India Glycols (NSE:INDIAGLYCO) Has Announced A Dividend Of ₹7.50
Sep 02India Glycols (NSE:INDIAGLYCO) Has Announced A Dividend Of ₹7.50
Aug 19India Glycols (NSE:INDIAGLYCO) Will Want To Turn Around Its Return Trends
Sep 13India Glycols (NSE:INDIAGLYCO) Seems To Be Using A Lot Of Debt
Jun 20Here's What's Concerning About India Glycols' (NSE:INDIAGLYCO) Returns On Capital
May 12Here's Why I Think India Glycols (NSE:INDIAGLYCO) Might Deserve Your Attention Today
Mar 14India Glycols (NSE:INDIAGLYCO) Hasn't Managed To Accelerate Its Returns
Jan 25We Think That There Are Issues Underlying India Glycols' (NSE:INDIAGLYCO) Earnings
Nov 20India Glycols (NSE:INDIAGLYCO) Has No Shortage Of Debt
Aug 23India Glycols (NSE:INDIAGLYCO) Is Experiencing Growth In Returns On Capital
May 04Should India Glycols Limited (NSE:INDIAGLYCO) Be Part Of Your Dividend Portfolio?
Mar 04Is India Glycols (NSE:INDIAGLYCO) Using Too Much Debt?
Feb 15Does India Glycols (NSE:INDIAGLYCO) Have The Makings Of A Multi-Bagger?
Jan 28What Is The Ownership Structure Like For India Glycols Limited (NSE:INDIAGLYCO)?
Jan 07Can You Imagine How Jubilant India Glycols' (NSE:INDIAGLYCO) Shareholders Feel About Its 188% Share Price Gain?
Dec 20Has India Glycols Limited's (NSE:INDIAGLYCO) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Dec 02India Glycols (NSE:INDIAGLYCO) Use Of Debt Could Be Considered Risky
Nov 14You Have To Love India Glycols Limited's (NSE:INDIAGLYCO) Dividend
Oct 24Will India Glycols' (NSE:INDIAGLYCO) Growth In ROCE Persist?
Sep 27Could The India Glycols Limited (NSE:INDIAGLYCO) Ownership Structure Tell Us Something Useful?
Sep 06India Glycols (NSE:INDIAGLYCO) Has Gifted Shareholders With A Fantastic 272% Total Return On Their Investment
Aug 18A Piece Of The Puzzle Missing From India Glycols Limited's (NSE:INDIAGLYCO) Share Price
Jul 28How Does India Glycols Limited (NSE:INDIAGLYCO) Stand Up To These Simple Dividend Safety Checks?
Jul 08Financial Position Analysis
Short Term Liabilities: INDIAGLYCO's short term assets (₹18.2B) do not cover its short term liabilities (₹20.3B).
Long Term Liabilities: INDIAGLYCO's short term assets (₹18.2B) exceed its long term liabilities (₹11.2B).
Debt to Equity History and Analysis
Debt Level: INDIAGLYCO's net debt to equity ratio (50.9%) is considered high.
Reducing Debt: INDIAGLYCO's debt to equity ratio has reduced from 102.7% to 56.3% over the past 5 years.
Debt Coverage: INDIAGLYCO's debt is well covered by operating cash flow (29.6%).
Interest Coverage: INDIAGLYCO's interest payments on its debt are well covered by EBIT (4.3x coverage).