Nitin Spinners Balance Sheet Health
Financial Health criteria checks 2/6
Nitin Spinners has a total shareholder equity of ₹10.7B and total debt of ₹12.2B, which brings its debt-to-equity ratio to 113.1%. Its total assets and total liabilities are ₹25.4B and ₹14.7B respectively. Nitin Spinners's EBIT is ₹2.3B making its interest coverage ratio 3.8. It has cash and short-term investments of ₹4.7M.
Key information
113.1%
Debt to equity ratio
₹12.16b
Debt
Interest coverage ratio | 3.8x |
Cash | ₹4.67m |
Equity | ₹10.74b |
Total liabilities | ₹14.66b |
Total assets | ₹25.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532698's short term assets (₹7.8B) exceed its short term liabilities (₹5.0B).
Long Term Liabilities: 532698's short term assets (₹7.8B) do not cover its long term liabilities (₹9.7B).
Debt to Equity History and Analysis
Debt Level: 532698's net debt to equity ratio (113.1%) is considered high.
Reducing Debt: 532698's debt to equity ratio has increased from 105.3% to 113.1% over the past 5 years.
Debt Coverage: 532698's debt is not well covered by operating cash flow (13.5%).
Interest Coverage: 532698's interest payments on its debt are well covered by EBIT (3.8x coverage).