Nandan Denim Balance Sheet Health
Financial Health criteria checks 4/6
Nandan Denim has a total shareholder equity of ₹5.5B and total debt of ₹3.9B, which brings its debt-to-equity ratio to 70.5%. Its total assets and total liabilities are ₹11.5B and ₹6.0B respectively. Nandan Denim's EBIT is ₹688.9M making its interest coverage ratio 1.6. It has cash and short-term investments of ₹382.8M.
Key information
70.5%
Debt to equity ratio
₹3.88b
Debt
| Interest coverage ratio | 1.6x |
| Cash | ₹382.85m |
| Equity | ₹5.51b |
| Total liabilities | ₹5.99b |
| Total assets | ₹11.50b |
Recent financial health updates
These 4 Measures Indicate That Nandan Denim (NSE:NDL) Is Using Debt Extensively
Jan 04
Does Nandan Denim (NSE:NDL) Have A Healthy Balance Sheet?
Sep 02Is Nandan Denim (NSE:NDL) A Risky Investment?
Dec 26Here's Why Nandan Denim (NSE:NDL) Can Manage Its Debt Responsibly
Sep 27Here's Why Nandan Denim (NSE:NDL) Can Manage Its Debt Responsibly
Jun 03Is Nandan Denim (NSE:NDL) A Risky Investment?
Mar 03Recent updates
Optimistic Investors Push Nandan Denim Limited (NSE:NDL) Shares Up 35% But Growth Is Lacking
Apr 13If EPS Growth Is Important To You, Nandan Denim (NSE:NDL) Presents An Opportunity
Mar 15Further Upside For Nandan Denim Limited (NSE:NDL) Shares Could Introduce Price Risks After 29% Bounce
Feb 08Be Wary Of Nandan Denim (NSE:NDL) And Its Returns On Capital
Feb 01These 4 Measures Indicate That Nandan Denim (NSE:NDL) Is Using Debt Extensively
Jan 04Does Nandan Denim (NSE:NDL) Have A Healthy Balance Sheet?
Sep 02Estimating The Fair Value Of Nandan Denim Limited (NSE:NDL)
Apr 18Nandan Denim's (NSE:NDL) Returns On Capital Not Reflecting Well On The Business
Mar 01Is Nandan Denim (NSE:NDL) A Risky Investment?
Dec 26Here's Why Nandan Denim (NSE:NDL) Can Manage Its Debt Responsibly
Sep 27Return Trends At Nandan Denim (NSE:NDL) Aren't Appealing
Jul 26Here's Why Nandan Denim (NSE:NDL) Can Manage Its Debt Responsibly
Jun 03Is Nandan Denim (NSE:NDL) A Risky Investment?
Mar 03Returns On Capital At Nandan Denim (NSE:NDL) Have Stalled
Feb 01These Return Metrics Don't Make Nandan Denim (NSE:NDL) Look Too Strong
Oct 27These 4 Measures Indicate That Nandan Denim (NSE:NDL) Is Using Debt Extensively
Aug 07Nandan Denim (NSE:NDL) Could Be Struggling To Allocate Capital
Jul 03Is Nandan Denim (NSE:NDL) Using Debt In A Risky Way?
Mar 29Is Nandan Denim (NSE:NDL) Weighed On By Its Debt Load?
Dec 13Nandan Denim (NSE:NDL) Use Of Debt Could Be Considered Risky
Aug 30
Insufficient Growth At Nandan Denim Limited (NSE:NDL) Hampers Share Price
Jul 27Financial Position Analysis
Short Term Liabilities: NDL's short term assets (₹6.1B) exceed its short term liabilities (₹4.3B).
Long Term Liabilities: NDL's short term assets (₹6.1B) exceed its long term liabilities (₹1.6B).
Debt to Equity History and Analysis
Debt Level: NDL's net debt to equity ratio (63.5%) is considered high.
Reducing Debt: NDL's debt to equity ratio has reduced from 117.5% to 70.5% over the past 5 years.
Debt Coverage: NDL's debt is well covered by operating cash flow (52.4%).
Interest Coverage: NDL's interest payments on its debt are not well covered by EBIT (1.6x coverage).