Nivaka Fashions Balance Sheet Health
Financial Health criteria checks 5/6
Nivaka Fashions has a total shareholder equity of ₹103.5M and total debt of ₹22.6M, which brings its debt-to-equity ratio to 21.9%. Its total assets and total liabilities are ₹151.6M and ₹48.1M respectively. Nivaka Fashions's EBIT is ₹314.0K making its interest coverage ratio -1.2. It has cash and short-term investments of ₹1.7M.
Key information
21.9%
Debt to equity ratio
₹22.61m
Debt
Interest coverage ratio | -1.2x |
Cash | ₹1.74m |
Equity | ₹103.47m |
Total liabilities | ₹48.11m |
Total assets | ₹151.57m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 542206's short term assets (₹57.8M) exceed its short term liabilities (₹25.5M).
Long Term Liabilities: 542206's short term assets (₹57.8M) exceed its long term liabilities (₹22.6M).
Debt to Equity History and Analysis
Debt Level: 542206's net debt to equity ratio (20.2%) is considered satisfactory.
Reducing Debt: 542206's debt to equity ratio has increased from 16.5% to 21.9% over the past 5 years.
Debt Coverage: 542206's debt is well covered by operating cash flow (95.7%).
Interest Coverage: 542206 earns more interest than it pays, so coverage of interest payments is not a concern.