Gujarat Cotex Balance Sheet Health
Financial Health criteria checks 5/6
Gujarat Cotex has a total shareholder equity of ₹64.9M and total debt of ₹22.3M, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are ₹172.7M and ₹107.8M respectively. Gujarat Cotex's EBIT is ₹375.0K making its interest coverage ratio 6.9. It has cash and short-term investments of ₹2.2M.
Key information
34.4%
Debt to equity ratio
₹22.34m
Debt
Interest coverage ratio | 6.9x |
Cash | ₹2.19m |
Equity | ₹64.86m |
Total liabilities | ₹107.84m |
Total assets | ₹172.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514386's short term assets (₹124.2M) exceed its short term liabilities (₹83.5M).
Long Term Liabilities: 514386's short term assets (₹124.2M) exceed its long term liabilities (₹24.3M).
Debt to Equity History and Analysis
Debt Level: 514386's net debt to equity ratio (31.1%) is considered satisfactory.
Reducing Debt: 514386's debt to equity ratio has increased from 10.1% to 34.4% over the past 5 years.
Debt Coverage: 514386's debt is well covered by operating cash flow (42.1%).
Interest Coverage: 514386's interest payments on its debt are well covered by EBIT (6.9x coverage).