Nandan Denim Balance Sheet Health
Financial Health criteria checks 4/6
Nandan Denim has a total shareholder equity of ₹5.5B and total debt of ₹3.9B, which brings its debt-to-equity ratio to 70.5%. Its total assets and total liabilities are ₹11.5B and ₹6.0B respectively. Nandan Denim's EBIT is ₹688.9M making its interest coverage ratio 1.6. It has cash and short-term investments of ₹382.8M.
Key information
70.5%
Debt to equity ratio
₹3.88b
Debt
Interest coverage ratio | 1.6x |
Cash | ₹382.85m |
Equity | ₹5.51b |
Total liabilities | ₹5.99b |
Total assets | ₹11.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532641's short term assets (₹6.1B) exceed its short term liabilities (₹4.3B).
Long Term Liabilities: 532641's short term assets (₹6.1B) exceed its long term liabilities (₹1.6B).
Debt to Equity History and Analysis
Debt Level: 532641's net debt to equity ratio (63.5%) is considered high.
Reducing Debt: 532641's debt to equity ratio has reduced from 117.5% to 70.5% over the past 5 years.
Debt Coverage: 532641's debt is well covered by operating cash flow (52.4%).
Interest Coverage: 532641's interest payments on its debt are not well covered by EBIT (1.6x coverage).