Neelam Linens and Garments (India) Balance Sheet Health
Financial Health criteria checks 3/6
Neelam Linens and Garments (India) has a total shareholder equity of ₹234.8M and total debt of ₹696.5M, which brings its debt-to-equity ratio to 296.6%. Its total assets and total liabilities are ₹1.2B and ₹976.8M respectively. Neelam Linens and Garments (India)'s EBIT is ₹86.1M making its interest coverage ratio 1.6. It has cash and short-term investments of ₹21.6M.
Key information
296.6%
Debt to equity ratio
₹696.49m
Debt
| Interest coverage ratio | 1.6x |
| Cash | ₹21.56m |
| Equity | ₹234.83m |
| Total liabilities | ₹976.84m |
| Total assets | ₹1.21b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: NEELAM's short term assets (₹1.0B) exceed its short term liabilities (₹583.0M).
Long Term Liabilities: NEELAM's short term assets (₹1.0B) exceed its long term liabilities (₹393.8M).
Debt to Equity History and Analysis
Debt Level: NEELAM's net debt to equity ratio (287.4%) is considered high.
Reducing Debt: NEELAM's debt to equity ratio has reduced from 476% to 296.6% over the past 5 years.
Debt Coverage: NEELAM's debt is not well covered by operating cash flow (0.6%).
Interest Coverage: NEELAM's interest payments on its debt are not well covered by EBIT (1.6x coverage).