Laxmi Goldorna House Balance Sheet Health
Financial Health criteria checks 3/6
Laxmi Goldorna House has a total shareholder equity of ₹321.0M and total debt of ₹355.7M, which brings its debt-to-equity ratio to 110.8%. Its total assets and total liabilities are ₹1.6B and ₹1.3B respectively. Laxmi Goldorna House's EBIT is ₹79.2M making its interest coverage ratio 73.4. It has cash and short-term investments of ₹59.5M.
Key information
110.8%
Debt to equity ratio
₹355.73m
Debt
| Interest coverage ratio | 73.4x |
| Cash | ₹59.54m |
| Equity | ₹321.02m |
| Total liabilities | ₹1.32b |
| Total assets | ₹1.64b |
Recent financial health updates
Recent updates
Laxmi Goldorna House Limited (NSE:LGHL) Stocks Shoot Up 31% But Its P/E Still Looks Reasonable
Mar 02
If EPS Growth Is Important To You, Laxmi Goldorna House (NSE:LGHL) Presents An Opportunity
Jan 04Laxmi Goldorna House (NSE:LGHL) Takes On Some Risk With Its Use Of Debt
Nov 12Calculating The Fair Value Of Laxmi Goldorna House Limited (NSE:LGHL)
Sep 11A Look At The Fair Value Of Laxmi Goldorna House Limited (NSE:LGHL)
Jun 03Financial Position Analysis
Short Term Liabilities: LGHL's short term assets (₹1.6B) exceed its short term liabilities (₹1.1B).
Long Term Liabilities: LGHL's short term assets (₹1.6B) exceed its long term liabilities (₹257.6M).
Debt to Equity History and Analysis
Debt Level: LGHL's net debt to equity ratio (92.3%) is considered high.
Reducing Debt: LGHL's debt to equity ratio has increased from 72.2% to 110.8% over the past 5 years.
Debt Coverage: LGHL's debt is not well covered by operating cash flow (15.8%).
Interest Coverage: LGHL's interest payments on its debt are well covered by EBIT (73.4x coverage).