New Light Apparels Balance Sheet Health
Financial Health criteria checks 4/6
New Light Apparels has a total shareholder equity of ₹17.1M and total debt of ₹51.8M, which brings its debt-to-equity ratio to 303.8%. Its total assets and total liabilities are ₹87.8M and ₹70.7M respectively.
Key information
303.8%
Debt to equity ratio
₹51.84m
Debt
Interest coverage ratio | n/a |
Cash | ₹500.00k |
Equity | ₹17.06m |
Total liabilities | ₹70.70m |
Total assets | ₹87.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540243's short term assets (₹86.6M) exceed its short term liabilities (₹69.0M).
Long Term Liabilities: 540243's short term assets (₹86.6M) exceed its long term liabilities (₹1.7M).
Debt to Equity History and Analysis
Debt Level: 540243's net debt to equity ratio (300.9%) is considered high.
Reducing Debt: 540243's debt to equity ratio has increased from 26.7% to 303.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 540243 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 540243 is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.