Gujarat Gas Balance Sheet Health
Financial Health criteria checks 5/6
Gujarat Gas has a total shareholder equity of ₹70.9B and total debt of ₹1.5B, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are ₹113.2B and ₹42.3B respectively. Gujarat Gas's EBIT is ₹14.2B making its interest coverage ratio -60.3. It has cash and short-term investments of ₹7.8B.
Key information
2.2%
Debt to equity ratio
₹1.55b
Debt
Interest coverage ratio | -60.3x |
Cash | ₹7.76b |
Equity | ₹70.85b |
Total liabilities | ₹42.31b |
Total assets | ₹113.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539336's short term assets (₹20.6B) do not cover its short term liabilities (₹31.1B).
Long Term Liabilities: 539336's short term assets (₹20.6B) exceed its long term liabilities (₹11.2B).
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 105.6% to 2.2% over the past 5 years.
Debt Coverage: 539336's debt is well covered by operating cash flow (1062%).
Interest Coverage: 539336 earns more interest than it pays, so coverage of interest payments is not a concern.