Gratex Industries Balance Sheet Health
Financial Health criteria checks 6/6
Gratex Industries has a total shareholder equity of ₹35.2M and total debt of ₹686.0K, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are ₹42.1M and ₹6.9M respectively. Gratex Industries's EBIT is ₹1.3M making its interest coverage ratio 11.9. It has cash and short-term investments of ₹88.0K.
Key information
1.9%
Debt to equity ratio
₹686.00k
Debt
| Interest coverage ratio | 11.9x |
| Cash | ₹88.00k |
| Equity | ₹35.19m |
| Total liabilities | ₹6.92m |
| Total assets | ₹42.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526751's short term assets (₹27.0M) exceed its short term liabilities (₹5.5M).
Long Term Liabilities: 526751's short term assets (₹27.0M) exceed its long term liabilities (₹1.5M).
Debt to Equity History and Analysis
Debt Level: 526751's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: 526751's debt to equity ratio has reduced from 4.3% to 1.9% over the past 5 years.
Debt Coverage: 526751's debt is well covered by operating cash flow (351.6%).
Interest Coverage: 526751's interest payments on its debt are well covered by EBIT (11.9x coverage).