Nahar Spinning Mills Balance Sheet Health
Financial Health criteria checks 3/6
Nahar Spinning Mills has a total shareholder equity of ₹14.8B and total debt of ₹11.5B, which brings its debt-to-equity ratio to 77.7%. Its total assets and total liabilities are ₹28.9B and ₹14.1B respectively. Nahar Spinning Mills's EBIT is ₹47.7M making its interest coverage ratio 0.1. It has cash and short-term investments of ₹15.4M.
Key information
77.7%
Debt to equity ratio
₹11.51b
Debt
Interest coverage ratio | 0.07x |
Cash | ₹15.40m |
Equity | ₹14.81b |
Total liabilities | ₹14.08b |
Total assets | ₹28.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500296's short term assets (₹17.5B) exceed its short term liabilities (₹11.6B).
Long Term Liabilities: 500296's short term assets (₹17.5B) exceed its long term liabilities (₹2.4B).
Debt to Equity History and Analysis
Debt Level: 500296's net debt to equity ratio (77.6%) is considered high.
Reducing Debt: 500296's debt to equity ratio has reduced from 101.1% to 77.7% over the past 5 years.
Debt Coverage: 500296's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 500296's interest payments on its debt are not well covered by EBIT (0.1x coverage).