Gujarat Industries Power Balance Sheet Health
Financial Health criteria checks 5/6
Gujarat Industries Power has a total shareholder equity of ₹31.9B and total debt of ₹6.4B, which brings its debt-to-equity ratio to 19.9%. Its total assets and total liabilities are ₹48.4B and ₹16.4B respectively. Gujarat Industries Power's EBIT is ₹2.2B making its interest coverage ratio 18.7. It has cash and short-term investments of ₹6.7B.
Key information
19.9%
Debt to equity ratio
₹6.36b
Debt
Interest coverage ratio | 18.7x |
Cash | ₹6.67b |
Equity | ₹31.94b |
Total liabilities | ₹16.43b |
Total assets | ₹48.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 517300's short term assets (₹11.7B) exceed its short term liabilities (₹2.9B).
Long Term Liabilities: 517300's short term assets (₹11.7B) do not cover its long term liabilities (₹13.6B).
Debt to Equity History and Analysis
Debt Level: 517300 has more cash than its total debt.
Reducing Debt: 517300's debt to equity ratio has reduced from 23.1% to 19.9% over the past 5 years.
Debt Coverage: 517300's debt is well covered by operating cash flow (61.8%).
Interest Coverage: 517300's interest payments on its debt are well covered by EBIT (18.7x coverage).