New Light Apparels Balance Sheet Health
Financial Health criteria checks 5/6
New Light Apparels has a total shareholder equity of ₹124.2M and total debt of ₹1.0M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are ₹145.6M and ₹21.4M respectively. New Light Apparels's EBIT is ₹7.7M making its interest coverage ratio 188.6. It has cash and short-term investments of ₹1.9M.
Key information
0.8%
Debt to equity ratio
₹1.03m
Debt
| Interest coverage ratio | 188.6x |
| Cash | ₹1.94m |
| Equity | ₹124.17m |
| Total liabilities | ₹21.41m |
| Total assets | ₹145.57m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540243's short term assets (₹144.3M) exceed its short term liabilities (₹20.4M).
Long Term Liabilities: 540243's short term assets (₹144.3M) exceed its long term liabilities (₹1.0M).
Debt to Equity History and Analysis
Debt Level: 540243 has more cash than its total debt.
Reducing Debt: 540243's debt to equity ratio has reduced from 75.6% to 0.8% over the past 5 years.
Debt Coverage: 540243's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 540243's interest payments on its debt are well covered by EBIT (188.6x coverage).