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
Is Granules India (NSE:GRANULES) Using Too Much Debt?
Sep 16
Granules India (NSE:GRANULES) Has A Pretty Healthy Balance Sheet
Nov 13Does Granules India (NSE:GRANULES) Have A Healthy Balance Sheet?
May 19Granules India (NSE:GRANULES) Has A Pretty Healthy Balance Sheet
Jan 19Does Granules India (NSE:GRANULES) Have A Healthy Balance Sheet?
Oct 01Is Granules India (NSE:GRANULES) A Risky Investment?
Jun 28Recent updates
Is Granules India (NSE:GRANULES) Using Too Much Debt?
Sep 16Granules India Limited (NSE:GRANULES) Analysts Are Pretty Bullish On The Stock After Recent Results
Aug 02Granules India Limited (NSE:GRANULES) Stock Rockets 27% But Many Are Still Ignoring The Company
Aug 01Granules India Limited's (NSE:GRANULES) CEO Compensation Is Looking A Bit Stretched At The Moment
Jul 31Granules India's (NSE:GRANULES) Dividend Will Be ₹1.50
Jul 17Granules India's (NSE:GRANULES) Dividend Will Be ₹1.50
Jun 19Investors Holding Back On Granules India Limited (NSE:GRANULES)
Apr 08Granules India Limited Just Missed Revenue By 6.4%: Here's What Analysts Think Will Happen Next
Jan 26Many Still Looking Away From Granules India Limited (NSE:GRANULES)
Dec 28Granules India (NSE:GRANULES) Has A Pretty Healthy Balance Sheet
Nov 13A Look At The Fair Value Of Granules India Limited (NSE:GRANULES)
Oct 24Does Granules India (NSE:GRANULES) Have A Healthy Balance Sheet?
May 19Should You Be Adding Granules India (NSE:GRANULES) To Your Watchlist Today?
Mar 29Granules India (NSE:GRANULES) Has A Pretty Healthy Balance Sheet
Jan 19Does Granules India (NSE:GRANULES) Have A Healthy Balance Sheet?
Oct 01Estimating The Intrinsic Value Of Granules India Limited (NSE:GRANULES)
Aug 18Granules India (NSE:GRANULES) Is Due To Pay A Dividend Of ₹0.75
Jul 14Is Granules India (NSE:GRANULES) A Risky Investment?
Jun 28Granules India (NSE:GRANULES) Will Pay A Dividend Of ₹0.75
Jun 09Estimating The Fair Value Of Granules India Limited (NSE:GRANULES)
May 06Granules India (NSE:GRANULES) Is Due To Pay A Dividend Of ₹0.25
Feb 10Calculating The Intrinsic Value Of Granules India Limited (NSE:GRANULES)
Feb 02Here's Why We Think Granules India (NSE:GRANULES) Is Well Worth Watching
Jan 20These 4 Measures Indicate That Granules India (NSE:GRANULES) Is Using Debt Reasonably Well
Dec 21Here's Why I Think Granules India (NSE:GRANULES) Is An Interesting Stock
Aug 18Granules India (NSE:GRANULES) Will Pay A Dividend Of ₹0.25
Aug 03Is Granules India (NSE:GRANULES) Using Too Much Debt?
Jun 11Financial Position Analysis
Short Term Liabilities: GRANULES's short term assets (₹26.1B) exceed its short term liabilities (₹16.9B).
Long Term Liabilities: GRANULES's short term assets (₹26.1B) exceed its long term liabilities (₹3.1B).
Debt to Equity History and Analysis
Debt Level: GRANULES's net debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: GRANULES's debt to equity ratio has reduced from 49.4% to 29.5% over the past 5 years.
Debt Coverage: GRANULES's debt is well covered by operating cash flow (81.2%).
Interest Coverage: GRANULES's interest payments on its debt are well covered by EBIT (10.4x coverage).