Granules India Balance Sheet Health
Financial Health criteria checks 6/6
Granules India has a total shareholder equity of ₹34.3B and total debt of ₹10.1B, which brings its debt-to-equity ratio to 29.5%. Its total assets and total liabilities are ₹54.3B and ₹20.1B respectively. Granules India's EBIT is ₹7.6B making its interest coverage ratio 10.4. It has cash and short-term investments of ₹2.2B.
Key information
29.5%
Debt to equity ratio
₹10.09b
Debt
| Interest coverage ratio | 10.4x |
| Cash | ₹2.17b |
| Equity | ₹34.27b |
| Total liabilities | ₹20.05b |
| Total assets | ₹54.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532482's short term assets (₹26.1B) exceed its short term liabilities (₹16.9B).
Long Term Liabilities: 532482's short term assets (₹26.1B) exceed its long term liabilities (₹3.1B).
Debt to Equity History and Analysis
Debt Level: 532482's net debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: 532482's debt to equity ratio has reduced from 49.4% to 29.5% over the past 5 years.
Debt Coverage: 532482's debt is well covered by operating cash flow (81.2%).
Interest Coverage: 532482's interest payments on its debt are well covered by EBIT (10.4x coverage).