Narmada Macplast Drip Irrigation Systems Balance Sheet Health
Financial Health criteria checks 3/6
Narmada Macplast Drip Irrigation Systems has a total shareholder equity of ₹23.3M and total debt of ₹6.1M, which brings its debt-to-equity ratio to 26.2%. Its total assets and total liabilities are ₹34.5M and ₹11.1M respectively. Narmada Macplast Drip Irrigation Systems's EBIT is ₹349.0K making its interest coverage ratio 1.2. It has cash and short-term investments of ₹-309.0K.
Key information
26.2%
Debt to equity ratio
₹6.11m
Debt
| Interest coverage ratio | 1.2x |
| Cash | -₹309.00k |
| Equity | ₹23.35m |
| Total liabilities | ₹11.14m |
| Total assets | ₹34.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 517431's short term assets (₹13.7M) exceed its short term liabilities (₹5.0M).
Long Term Liabilities: 517431's short term assets (₹13.7M) exceed its long term liabilities (₹6.1M).
Debt to Equity History and Analysis
Debt Level: 517431's net debt to equity ratio (27.5%) is considered satisfactory.
Reducing Debt: 517431's debt to equity ratio has increased from 21.8% to 26.2% over the past 5 years.
Debt Coverage: 517431's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 517431's interest payments on its debt are not well covered by EBIT (1.2x coverage).