Narmada Macplast Drip Irrigation Systems Balance Sheet Health
Financial Health criteria checks 6/6
Narmada Macplast Drip Irrigation Systems has a total shareholder equity of ₹24.0M and total debt of ₹4.3M, which brings its debt-to-equity ratio to 18.1%. Its total assets and total liabilities are ₹30.0M and ₹6.0M respectively. Narmada Macplast Drip Irrigation Systems's EBIT is ₹848.0K making its interest coverage ratio -15.1. It has cash and short-term investments of ₹2.9M.
Key information
18.1%
Debt to equity ratio
₹4.34m
Debt
Interest coverage ratio | -15.1x |
Cash | ₹2.90m |
Equity | ₹23.96m |
Total liabilities | ₹6.01m |
Total assets | ₹29.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 517431's short term assets (₹10.2M) exceed its short term liabilities (₹1.7M).
Long Term Liabilities: 517431's short term assets (₹10.2M) exceed its long term liabilities (₹4.3M).
Debt to Equity History and Analysis
Debt Level: 517431's net debt to equity ratio (6%) is considered satisfactory.
Reducing Debt: 517431's debt to equity ratio has reduced from 20.9% to 18.1% over the past 5 years.
Debt Coverage: 517431's debt is well covered by operating cash flow (34.6%).
Interest Coverage: 517431 earns more interest than it pays, so coverage of interest payments is not a concern.