Gretex Industries Balance Sheet Health
Financial Health criteria checks 5/6
Gretex Industries has a total shareholder equity of ₹250.0M and total debt of ₹10.5M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are ₹314.2M and ₹64.2M respectively. Gretex Industries's EBIT is ₹13.6M making its interest coverage ratio 6. It has cash and short-term investments of ₹12.4M.
Key information
4.2%
Debt to equity ratio
₹10.55m
Debt
| Interest coverage ratio | 6x |
| Cash | ₹12.44m |
| Equity | ₹250.03m |
| Total liabilities | ₹64.15m |
| Total assets | ₹314.18m |
Recent financial health updates
No updates
Recent updates
We Ran A Stock Scan For Earnings Growth And Gretex Industries (NSE:GRETEX) Passed With Ease
Aug 27
Investors Shouldn't Be Too Comfortable With Gretex Industries' (NSE:GRETEX) Earnings
May 08What Gretex Industries Limited's (NSE:GRETEX) P/E Is Not Telling You
Mar 06Potential Upside For Gretex Industries Limited (NSE:GRETEX) Not Without Risk
Oct 20Financial Position Analysis
Short Term Liabilities: GRETEX's short term assets (₹171.2M) exceed its short term liabilities (₹62.9M).
Long Term Liabilities: GRETEX's short term assets (₹171.2M) exceed its long term liabilities (₹1.2M).
Debt to Equity History and Analysis
Debt Level: GRETEX has more cash than its total debt.
Reducing Debt: GRETEX's debt to equity ratio has reduced from 22% to 4.2% over the past 5 years.
Debt Coverage: GRETEX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GRETEX's interest payments on its debt are well covered by EBIT (6x coverage).