Nahar Spinning Mills Balance Sheet Health
Financial Health criteria checks 3/6
Nahar Spinning Mills has a total shareholder equity of ₹14.9B and total debt of ₹7.3B, which brings its debt-to-equity ratio to 49.2%. Its total assets and total liabilities are ₹23.9B and ₹9.0B respectively. Nahar Spinning Mills's EBIT is ₹410.8M making its interest coverage ratio 0.6. It has cash and short-term investments of ₹117.9M.
Key information
49.2%
Debt to equity ratio
₹7.35b
Debt
| Interest coverage ratio | 0.6x |
| Cash | ₹117.95m |
| Equity | ₹14.92b |
| Total liabilities | ₹8.96b |
| Total assets | ₹23.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500296's short term assets (₹12.7B) exceed its short term liabilities (₹6.6B).
Long Term Liabilities: 500296's short term assets (₹12.7B) exceed its long term liabilities (₹2.4B).
Debt to Equity History and Analysis
Debt Level: 500296's net debt to equity ratio (48.4%) is considered high.
Reducing Debt: 500296's debt to equity ratio has reduced from 70.7% to 49.2% over the past 5 years.
Debt Coverage: 500296's debt is not well covered by operating cash flow (2.8%).
Interest Coverage: 500296's interest payments on its debt are not well covered by EBIT (0.6x coverage).