Gujarat Gas Balance Sheet Health
Financial Health criteria checks 5/6
Gujarat Gas has a total shareholder equity of ₹77.2B and total debt of ₹1.5B, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are ₹116.9B and ₹39.7B respectively. Gujarat Gas's EBIT is ₹15.4B making its interest coverage ratio 51.9. It has cash and short-term investments of ₹9.3B.
Key information
1.9%
Debt to equity ratio
₹1.50b
Debt
| Interest coverage ratio | 51.9x |
| Cash | ₹9.26b |
| Equity | ₹77.22b |
| Total liabilities | ₹39.69b |
| Total assets | ₹116.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539336's short term assets (₹22.3B) do not cover its short term liabilities (₹28.1B).
Long Term Liabilities: 539336's short term assets (₹22.3B) exceed its long term liabilities (₹11.5B).
Debt to Equity History and Analysis
Debt Level: 539336 has more cash than its total debt.
Reducing Debt: 539336's debt to equity ratio has reduced from 94.7% to 1.9% over the past 5 years.
Debt Coverage: 539336's debt is well covered by operating cash flow (1087.5%).
Interest Coverage: 539336's interest payments on its debt are well covered by EBIT (51.9x coverage).