IGC Industries Balance Sheet Health
Financial Health criteria checks 3/6
IGC Industries has a total shareholder equity of ₹9.1M and total debt of ₹96.0M, which brings its debt-to-equity ratio to 1054.8%. Its total assets and total liabilities are ₹123.7M and ₹114.6M respectively. IGC Industries's EBIT is ₹1.7M making its interest coverage ratio 248.9. It has cash and short-term investments of ₹4.0M.
Key information
1,054.8%
Debt to equity ratio
₹95.96m
Debt
| Interest coverage ratio | 248.9x |
| Cash | ₹4.01m |
| Equity | ₹9.10m |
| Total liabilities | ₹114.56m |
| Total assets | ₹123.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539449's short term assets (₹121.6M) exceed its short term liabilities (₹114.3M).
Long Term Liabilities: 539449's short term assets (₹121.6M) exceed its long term liabilities (₹214.0K).
Debt to Equity History and Analysis
Debt Level: 539449's net debt to equity ratio (1010.7%) is considered high.
Reducing Debt: 539449's debt to equity ratio has reduced from 1271.1% to 1054.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 539449 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 539449 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 45.4% each year