Shree Ganesh Remedies Balance Sheet Health
Financial Health criteria checks 5/6
Shree Ganesh Remedies has a total shareholder equity of ₹1.3B and total debt of ₹337.0M, which brings its debt-to-equity ratio to 25.3%. Its total assets and total liabilities are ₹1.8B and ₹451.7M respectively. Shree Ganesh Remedies's EBIT is ₹377.5M making its interest coverage ratio 31. It has cash and short-term investments of ₹212.7M.
Key information
25.3%
Debt to equity ratio
₹336.96m
Debt
| Interest coverage ratio | 31x |
| Cash | ₹212.74m |
| Equity | ₹1.33b |
| Total liabilities | ₹451.68m |
| Total assets | ₹1.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540737's short term assets (₹733.0M) exceed its short term liabilities (₹173.7M).
Long Term Liabilities: 540737's short term assets (₹733.0M) exceed its long term liabilities (₹278.0M).
Debt to Equity History and Analysis
Debt Level: 540737's net debt to equity ratio (9.3%) is considered satisfactory.
Reducing Debt: 540737's debt to equity ratio has increased from 2.5% to 25.3% over the past 5 years.
Debt Coverage: 540737's debt is well covered by operating cash flow (111.5%).
Interest Coverage: 540737's interest payments on its debt are well covered by EBIT (31x coverage).