Nandan Denim Balance Sheet Health
Financial Health criteria checks 4/6
Nandan Denim has a total shareholder equity of ₹6.0B and total debt of ₹3.1B, which brings its debt-to-equity ratio to 51.2%. Its total assets and total liabilities are ₹13.1B and ₹7.1B respectively. Nandan Denim's EBIT is ₹940.5M making its interest coverage ratio 2.7. It has cash and short-term investments of ₹240.3M.
Key information
51.2%
Debt to equity ratio
₹3.08b
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹240.29m |
| Equity | ₹6.02b |
| Total liabilities | ₹7.06b |
| Total assets | ₹13.07b |
Recent financial health updates
We Think Nandan Denim (NSE:NDL) Can Stay On Top Of Its Debt
Sep 06
These 4 Measures Indicate That Nandan Denim (NSE:NDL) Is Using Debt Extensively
Jan 04Does 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 03Recent updates
Not Many Are Piling Into Nandan Denim Limited (NSE:NDL) Stock Yet As It Plummets 28%
Oct 24Nandan Denim's (NSE:NDL) Returns On Capital Are Heading Higher
Oct 05Nandan Denim Limited's (NSE:NDL) Shares Leap 26% Yet They're Still Not Telling The Full Story
Sep 08We Think Nandan Denim (NSE:NDL) Can Stay On Top Of Its Debt
Sep 06The Market Lifts Nandan Denim Limited (NSE:NDL) Shares 35% But It Can Do More
Jun 19Nandan Denim's (NSE:NDL) Earnings Seem To Be Promising
Jun 03Optimistic 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 13Financial Position Analysis
Short Term Liabilities: NDL's short term assets (₹8.1B) exceed its short term liabilities (₹5.8B).
Long Term Liabilities: NDL's short term assets (₹8.1B) exceed its long term liabilities (₹1.3B).
Debt to Equity History and Analysis
Debt Level: NDL's net debt to equity ratio (47.2%) is considered high.
Reducing Debt: NDL's debt to equity ratio has reduced from 90.3% to 51.2% over the past 5 years.
Debt Coverage: NDL's debt is well covered by operating cash flow (37.5%).
Interest Coverage: NDL's interest payments on its debt are not well covered by EBIT (2.7x coverage).