Nahar Spinning Mills Balance Sheet Health
Financial Health criteria checks 3/6
Nahar Spinning Mills has a total shareholder equity of ₹15.3B and total debt of ₹7.1B, which brings its debt-to-equity ratio to 46.3%. Its total assets and total liabilities are ₹24.1B and ₹8.8B respectively. Nahar Spinning Mills's EBIT is ₹191.7M making its interest coverage ratio 0.5. It has cash and short-term investments of ₹337.6M.
Key information
46.3%
Debt to equity ratio
₹7.07b
Debt
| Interest coverage ratio | 0.5x |
| Cash | ₹337.62m |
| Equity | ₹15.25b |
| Total liabilities | ₹8.84b |
| Total assets | ₹24.09b |
Recent financial health updates
Nahar Spinning Mills (NSE:NAHARSPING) Takes On Some Risk With Its Use Of Debt
Aug 23
Does Nahar Spinning Mills (NSE:NAHARSPING) Have A Healthy Balance Sheet?
Feb 08Nahar Spinning Mills (NSE:NAHARSPING) Has A Pretty Healthy Balance Sheet
Jul 21Does Nahar Spinning Mills (NSE:NAHARSPING) Have A Healthy Balance Sheet?
Dec 14Is Nahar Spinning Mills (NSE:NAHARSPING) Using Too Much Debt?
Jun 18Does Nahar Spinning Mills (NSE:NAHARSPING) Have A Healthy Balance Sheet?
Aug 24
Recent updates
Nahar Spinning Mills (NSE:NAHARSPING) Could Be Struggling To Allocate Capital
Mar 18Nahar Spinning Mills (NSE:NAHARSPING) Takes On Some Risk With Its Use Of Debt
Aug 23Nahar Spinning Mills (NSE:NAHARSPING) Is Doing The Right Things To Multiply Its Share Price
Mar 30Does Nahar Spinning Mills (NSE:NAHARSPING) Have A Healthy Balance Sheet?
Feb 08Returns on Capital Paint A Bright Future For Nahar Spinning Mills (NSE:NAHARSPING)
Dec 01Nahar Spinning Mills Limited's (NSE:NAHARSPING) Shares Not Telling The Full Story
Nov 08Nahar Spinning Mills (NSE:NAHARSPING) Has A Pretty Healthy Balance Sheet
Jul 21Investors Shouldn't Overlook Nahar Spinning Mills' (NSE:NAHARSPING) Impressive Returns On Capital
Apr 14Does Nahar Spinning Mills (NSE:NAHARSPING) Have A Healthy Balance Sheet?
Dec 14Nahar Spinning Mills' (NSE:NAHARSPING) Promising Earnings May Rest On Soft Foundations
Nov 16Is Nahar Spinning Mills (NSE:NAHARSPING) Using Too Much Debt?
Jun 18Nahar Spinning Mills (NSE:NAHARSPING) May Have Issues Allocating Its Capital
May 14MD & Executive Director Dinesh Oswal Just Bought 71% More Shares In Nahar Spinning Mills Ltd (NSE:NAHARSPING)
Mar 05Does Nahar Spinning Mills' (NSE:NAHARSPING) Returns On Capital Reflect Well On The Business?
Feb 04How Much Are Nahar Spinning Mills Ltd (NSE:NAHARSPING) Insiders Spending On Buying Shares?
Dec 07Does Nahar Spinning Mills (NSE:NAHARSPING) Have A Healthy Balance Sheet?
Aug 24Are Insiders Buying Nahar Spinning Mills Ltd (NSE:NAHARSPING) Stock?
Jul 20Financial Position Analysis
Short Term Liabilities: NAHARSPING's short term assets (₹12.5B) exceed its short term liabilities (₹6.2B).
Long Term Liabilities: NAHARSPING's short term assets (₹12.5B) exceed its long term liabilities (₹2.6B).
Debt to Equity History and Analysis
Debt Level: NAHARSPING's net debt to equity ratio (44.1%) is considered high.
Reducing Debt: NAHARSPING's debt to equity ratio has reduced from 63.5% to 46.3% over the past 5 years.
Debt Coverage: NAHARSPING's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NAHARSPING's interest payments on its debt are not well covered by EBIT (0.5x coverage).