Nitin Spinners Balance Sheet Health
Financial Health criteria checks 2/6
Nitin Spinners has a total shareholder equity of ₹10.7B and total debt of ₹12.2B, which brings its debt-to-equity ratio to 113.1%. Its total assets and total liabilities are ₹25.4B and ₹14.7B respectively. Nitin Spinners's EBIT is ₹2.3B making its interest coverage ratio 3.8. It has cash and short-term investments of ₹4.7M.
Key information
113.1%
Debt to equity ratio
₹12.16b
Debt
Interest coverage ratio | 3.8x |
Cash | ₹4.67m |
Equity | ₹10.74b |
Total liabilities | ₹14.66b |
Total assets | ₹25.41b |
Recent financial health updates
We Think Nitin Spinners (NSE:NITINSPIN) Can Stay On Top Of Its Debt
Jun 14Nitin Spinners (NSE:NITINSPIN) Has A Somewhat Strained Balance Sheet
Sep 21Nitin Spinners (NSE:NITINSPIN) Has A Somewhat Strained Balance Sheet
May 28Nitin Spinners (NSE:NITINSPIN) Use Of Debt Could Be Considered Risky
Feb 18Nitin Spinners (NSE:NITINSPIN) Use Of Debt Could Be Considered Risky
Nov 08Recent updates
Nitin Spinners' (NSE:NITINSPIN) Returns On Capital Not Reflecting Well On The Business
Mar 21This Is The Reason Why We Think Nitin Spinners Limited's (NSE:NITINSPIN) CEO Might Be Underpaid
Sep 12Nitin Spinners (NSE:NITINSPIN) Is Paying Out A Dividend Of ₹2.50
Sep 10Nitin Spinners (NSE:NITINSPIN) Has Affirmed Its Dividend Of ₹2.50
Aug 27Nitin Spinners (NSE:NITINSPIN) Is Reinvesting At Lower Rates Of Return
Aug 23Calculating The Fair Value Of Nitin Spinners Limited (NSE:NITINSPIN)
Jan 15If EPS Growth Is Important To You, Nitin Spinners (NSE:NITINSPIN) Presents An Opportunity
Nov 30Nitin Spinners (NSE:NITINSPIN) Is Increasing Its Dividend To ₹2.50
Aug 25We Think Nitin Spinners (NSE:NITINSPIN) Can Stay On Top Of Its Debt
Jun 14Should You Be Adding Nitin Spinners (NSE:NITINSPIN) To Your Watchlist Today?
May 26I Ran A Stock Scan For Earnings Growth And Nitin Spinners (NSE:NITINSPIN) Passed With Ease
Dec 28Nitin Spinners (NSE:NITINSPIN) Has A Somewhat Strained Balance Sheet
Sep 21Nitin Spinners (NSE:NITINSPIN) Has A Somewhat Strained Balance Sheet
May 28Here's What's Concerning About Nitin Spinners' (NSE:NITINSPIN) Returns On Capital
May 07Should You Buy Nitin Spinners Limited (NSE:NITINSPIN) For Its Dividend?
Mar 08Nitin Spinners (NSE:NITINSPIN) Use Of Debt Could Be Considered Risky
Feb 18What Nitin Spinners Limited's (NSE:NITINSPIN) ROE Can Tell Us
Feb 03Our View On Nitin Spinners' (NSE:NITINSPIN) CEO Pay
Jan 19Is Nitin Spinners (NSE:NITINSPIN) Likely To Turn Things Around?
Jan 04Investors Who Bought Nitin Spinners (NSE:NITINSPIN) Shares A Year Ago Are Now Up 56%
Dec 17Zooming in on NSE:NITINSPIN's 1.0% Dividend Yield
Nov 29Nitin Spinners (NSE:NITINSPIN) Use Of Debt Could Be Considered Risky
Nov 08How Much Did Nitin Spinners' (NSE:NITINSPIN) CEO Pocket Last Year?
Oct 06Is Nitin Spinners (NSE:NITINSPIN) Likely To Turn Things Around?
Sep 01Financial Position Analysis
Short Term Liabilities: NITINSPIN's short term assets (₹7.8B) exceed its short term liabilities (₹5.0B).
Long Term Liabilities: NITINSPIN's short term assets (₹7.8B) do not cover its long term liabilities (₹9.7B).
Debt to Equity History and Analysis
Debt Level: NITINSPIN's net debt to equity ratio (113.1%) is considered high.
Reducing Debt: NITINSPIN's debt to equity ratio has increased from 105.3% to 113.1% over the past 5 years.
Debt Coverage: NITINSPIN's debt is not well covered by operating cash flow (13.5%).
Interest Coverage: NITINSPIN's interest payments on its debt are well covered by EBIT (3.8x coverage).