Granules India Balance Sheet Health
Financial Health criteria checks 6/6
Granules India has a total shareholder equity of ₹29.7B and total debt of ₹13.8B, which brings its debt-to-equity ratio to 46.5%. Its total assets and total liabilities are ₹52.6B and ₹23.0B respectively. Granules India's EBIT is ₹6.3B making its interest coverage ratio 8.9. It has cash and short-term investments of ₹3.1B.
Key information
46.5%
Debt to equity ratio
₹13.80b
Debt
| Interest coverage ratio | 8.9x |
| Cash | ₹3.12b |
| Equity | ₹29.67b |
| Total liabilities | ₹22.97b |
| Total assets | ₹52.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532482's short term assets (₹27.9B) exceed its short term liabilities (₹20.7B).
Long Term Liabilities: 532482's short term assets (₹27.9B) exceed its long term liabilities (₹2.3B).
Debt to Equity History and Analysis
Debt Level: 532482's net debt to equity ratio (36%) is considered satisfactory.
Reducing Debt: 532482's debt to equity ratio has reduced from 77.6% to 46.5% over the past 5 years.
Debt Coverage: 532482's debt is well covered by operating cash flow (27.3%).
Interest Coverage: 532482's interest payments on its debt are well covered by EBIT (8.9x coverage).