Shree Ganesh Remedies Balance Sheet Health
Financial Health criteria checks 5/6
Shree Ganesh Remedies has a total shareholder equity of ₹996.7M and total debt of ₹381.9M, which brings its debt-to-equity ratio to 38.3%. Its total assets and total liabilities are ₹1.6B and ₹562.5M respectively. Shree Ganesh Remedies's EBIT is ₹282.7M making its interest coverage ratio -219.8. It has cash and short-term investments of ₹123.6M.
Key information
38.3%
Debt to equity ratio
₹381.89m
Debt
Interest coverage ratio | -219.8x |
Cash | ₹123.57m |
Equity | ₹996.68m |
Total liabilities | ₹562.46m |
Total assets | ₹1.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540737's short term assets (₹665.4M) exceed its short term liabilities (₹233.5M).
Long Term Liabilities: 540737's short term assets (₹665.4M) exceed its long term liabilities (₹329.0M).
Debt to Equity History and Analysis
Debt Level: 540737's net debt to equity ratio (25.9%) is considered satisfactory.
Reducing Debt: 540737's debt to equity ratio has increased from 2.2% to 38.3% over the past 5 years.
Debt Coverage: 540737's debt is well covered by operating cash flow (104.3%).
Interest Coverage: 540737 earns more interest than it pays, so coverage of interest payments is not a concern.