Gratex Industries Balance Sheet Health
Financial Health criteria checks 6/6
Gratex Industries has a total shareholder equity of ₹35.0M and total debt of ₹847.9K, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are ₹42.2M and ₹7.1M respectively. Gratex Industries's EBIT is ₹1.2M making its interest coverage ratio 13.2. It has cash and short-term investments of ₹62.9K.
Key information
2.4%
Debt to equity ratio
₹847.87k
Debt
| Interest coverage ratio | 13.2x |
| Cash | ₹62.91k |
| Equity | ₹35.04m |
| Total liabilities | ₹7.15m |
| Total assets | ₹42.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526751's short term assets (₹28.4M) exceed its short term liabilities (₹5.5M).
Long Term Liabilities: 526751's short term assets (₹28.4M) exceed its long term liabilities (₹1.6M).
Debt to Equity History and Analysis
Debt Level: 526751's net debt to equity ratio (2.2%) is considered satisfactory.
Reducing Debt: 526751's debt to equity ratio has reduced from 5.3% to 2.4% over the past 5 years.
Debt Coverage: 526751's debt is well covered by operating cash flow (74.9%).
Interest Coverage: 526751's interest payments on its debt are well covered by EBIT (13.2x coverage).