Ganga Care Hospital Latest Annual Report, Balance Sheet and Financials

Ganga Care Hospital Limited Balance Sheet (Rs in Millions)

Ganga Care Hospital Limited Profit & Loss Statement (Rs in Millions)

Ganga Care Hospital Limited Consolidated Cash Flow Statement (Rs in Millions)

 Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flows from Operating Activities:

Profit/(Loss) Before Tax: The company reported a profit before tax of 41.58 in 2023 and 39.76 in 2022.

Adjustments: Various adjustments were made, including changes in the fair value of financial assets, depreciation and amortization, provision for doubtful trade receivables, and property, plant, and equipment written off.

Operating Profit Before Working Capital Changes: The operating profit before changes in working capital slightly decreased from 61.42 in 2022 to 59.06 in 2023.

Changes in Working Capital: The company experienced fluctuations in inventories, trade receivables, loans, other assets, financial assets, trade payables, provisions, and other liabilities, impacting cash flows from operating activities.

Cash Generated by Operations: Despite minor fluctuations in operating profit, the company generated cash from operations amounting to 68.08 in 2023 and 123.44 in 2022.

Direct Taxes Paid: Direct taxes paid decreased from -11.88 in 2023 to -19.75 in 2022.

Net Cash Generated by Operating Activities: The net cash generated by operating activities was 56.20 in 2023 and 103.69 in 2022.

Cash Flows from Investing Activities:

Investing Activities: The company made investments in property, plant, and equipment (PPE) and received interest on fixed deposits. Additionally, there were movements in other bank balances.

Net Cash Generated by Investing Activities: The net cash flow from investing activities was -28.16 in 2023 and -101.28 in 2022, reflecting investments and changes in other bank balances.

Cash Flows from Financing Activities:

Financing Activities: The company made payments for dividend, interest, and lease liabilities.

Net Cash Generated from Financing Activities: The net cash flow from financing activities was -16.94 in 2023 and -16.84 in 2022.

Net Increase/(Decrease) in Cash Equivalents:

The net increase/decrease in cash and cash equivalents was 11.10 in 2023 and -14.43 in 2022.

Cash & Cash Equivalents at the Beginning and End of the Year:

The cash and cash equivalents at the beginning of the year were 7.15 in 2023 and 21.58 in 2022. By the end of the year, cash and cash equivalents increased to 18.25 in 2023 from 7.15 in 2022, indicating a positive cash position in 2023 compared to 2022.

Financial Ratios of Ganga Care Hospital Limited

Here is a summary of the financial and operational metrics for Ganga Care Hospital Limited for the years 2022:

Current Ratio: Ganga Care Hospital Limited has a current ratio of 5.92, indicating a strong ability to cover its short-term liabilities with its current assets. A current ratio higher than 1 suggests that the company has more than enough current assets to cover its short-term obligations.

Return on Equity (ROE) Ratio: The return on equity ratio is 6.59%, indicating that for every dollar of shareholders ' equity invested, the company generated a return of 6.59 cents. This might be considered moderate, and the company could potentially improve its profitability in relation to shareholders ' equity.

Trade Receivables Turnover Ratio: The trade receivables turnover ratio is 7.45, which suggests that, on average, the company collects its outstanding receivables approximately 7.45 times during the period. A higher turnover ratio indicates more efficient management of receivables, but the interpretation may vary depending on industry standards and specific business practices.

Trade Payables Turnover Ratio: With a trade payables turnover ratio of 14.43, Ganga Care Hospital Limited takes approximately 14.43 times to pay off its trade payables within a given period. A high turnover ratio for payables can indicate favorable credit terms with suppliers or efficient management of payables.

Return on Assets (ROA): The return on assets is 6.02%, which indicates how efficiently the company is using its assets to generate profit. It signifies that for every dollar of assets, the company generated a return of 6.02 cents. This metric is crucial for assessing operational efficiency and profitability.

Dividend History/NA