Laxmi Goldorna House Balance Sheet Health
Financial Health criteria checks 3/6
Laxmi Goldorna House has a total shareholder equity of ₹454.4M and total debt of ₹527.8M, which brings its debt-to-equity ratio to 116.2%. Its total assets and total liabilities are ₹1.1B and ₹624.7M respectively. Laxmi Goldorna House's EBIT is ₹183.4M making its interest coverage ratio 3.2. It has cash and short-term investments of ₹116.4M.
Key information
116.2%
Debt to equity ratio
₹527.79m
Debt
| Interest coverage ratio | 3.2x |
| Cash | ₹116.40m |
| Equity | ₹454.38m |
| Total liabilities | ₹624.75m |
| Total assets | ₹1.08b |
Recent financial health updates
Laxmi Goldorna House (NSE:LGHL) Has A Pretty Healthy Balance Sheet
Jul 20
Laxmi Goldorna House (NSE:LGHL) Takes On Some Risk With Its Use Of Debt
Nov 12Recent updates
Laxmi Goldorna House (NSE:LGHL) Has A Pretty Healthy Balance Sheet
Jul 20Laxmi Goldorna House's (NSE:LGHL) Solid Profits Have Weak Fundamentals
Jun 03Laxmi Goldorna House Limited's (NSE:LGHL) 27% Jump Shows Its Popularity With Investors
May 24If EPS Growth Is Important To You, Laxmi Goldorna House (NSE:LGHL) Presents An Opportunity
May 23Laxmi Goldorna House Limited (NSE:LGHL) Stocks Shoot Up 31% But Its P/E Still Looks Reasonable
Mar 02If 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 (₹999.4M) exceed its short term liabilities (₹201.2M).
Long Term Liabilities: LGHL's short term assets (₹999.4M) exceed its long term liabilities (₹423.6M).
Debt to Equity History and Analysis
Debt Level: LGHL's net debt to equity ratio (90.5%) is considered high.
Reducing Debt: LGHL's debt to equity ratio has increased from 77.7% to 116.2% over the past 5 years.
Debt Coverage: LGHL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LGHL's interest payments on its debt are well covered by EBIT (3.2x coverage).