Creative Newtech Balance Sheet Health
Financial Health criteria checks 5/6
Creative Newtech has a total shareholder equity of ₹1.9B and total debt of ₹696.3M, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are ₹3.3B and ₹1.4B respectively. Creative Newtech's EBIT is ₹428.8M making its interest coverage ratio 5.6. It has cash and short-term investments of ₹240.4M.
Key information
36.1%
Debt to equity ratio
₹696.28m
Debt
Interest coverage ratio | 5.6x |
Cash | ₹240.36m |
Equity | ₹1.93b |
Total liabilities | ₹1.36b |
Total assets | ₹3.29b |
Recent financial health updates
Is Creative Newtech (NSE:CREATIVE) Using Too Much Debt?
Jan 02Here's Why Creative Newtech (NSE:CREATIVE) Can Manage Its Debt Responsibly
Mar 01We Think Creative Newtech (NSE:CREATIVE) Can Stay On Top Of Its Debt
May 30Creative Newtech (NSE:CREATIVE) Seems To Use Debt Quite Sensibly
Dec 29Is Creative Peripherals and Distribution (NSE:CREATIVE) A Risky Investment?
Jun 22We Think Creative Peripherals and Distribution (NSE:CREATIVE) Is Taking Some Risk With Its Debt
Feb 18Recent updates
Cautious Investors Not Rewarding Creative Newtech Limited's (NSE:CREATIVE) Performance Completely
Apr 26Is Creative Newtech (NSE:CREATIVE) Using Too Much Debt?
Jan 02Shareholders Will Probably Hold Off On Increasing Creative Newtech Limited's (NSE:CREATIVE) CEO Compensation For The Time Being
Sep 18Returns on Capital Paint A Bright Future For Creative Newtech (NSE:CREATIVE)
Aug 18We Ran A Stock Scan For Earnings Growth And Creative Newtech (NSE:CREATIVE) Passed With Ease
Jun 08Here's Why Creative Newtech (NSE:CREATIVE) Can Manage Its Debt Responsibly
Mar 01Here's Why We Think Creative Newtech (NSE:CREATIVE) Might Deserve Your Attention Today
Dec 31Is Now The Time To Put Creative Newtech (NSE:CREATIVE) On Your Watchlist?
Aug 17We Think Creative Newtech (NSE:CREATIVE) Can Stay On Top Of Its Debt
May 30With EPS Growth And More, Creative Newtech (NSE:CREATIVE) Is Interesting
May 12Investors Shouldn't Overlook The Favourable Returns On Capital At Creative Newtech (NSE:CREATIVE)
Mar 23Creative Newtech (NSE:CREATIVE) Seems To Use Debt Quite Sensibly
Dec 29Does Creative Peripherals and Distribution (NSE:CREATIVE) Deserve A Spot On Your Watchlist?
Aug 04Is Creative Peripherals and Distribution (NSE:CREATIVE) A Risky Investment?
Jun 22Should Creative Peripherals and Distribution Limited (NSE:CREATIVE) Be Part Of Your Dividend Portfolio?
Mar 19We Think Creative Peripherals and Distribution (NSE:CREATIVE) Is Taking Some Risk With Its Debt
Feb 18Creative Peripherals and Distribution Limited (NSE:CREATIVE) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Jan 23Key Things To Consider Before Buying Creative Peripherals and Distribution Limited (NSE:CREATIVE) For Its Dividend
Dec 19Financial Position Analysis
Short Term Liabilities: CREATIVE's short term assets (₹3.2B) exceed its short term liabilities (₹1.3B).
Long Term Liabilities: CREATIVE's short term assets (₹3.2B) exceed its long term liabilities (₹91.5M).
Debt to Equity History and Analysis
Debt Level: CREATIVE's net debt to equity ratio (23.6%) is considered satisfactory.
Reducing Debt: CREATIVE's debt to equity ratio has reduced from 104% to 36.1% over the past 5 years.
Debt Coverage: CREATIVE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CREATIVE's interest payments on its debt are well covered by EBIT (5.6x coverage).