Nitin Spinners Balance Sheet Health
Financial Health criteria checks 4/6
Nitin Spinners has a total shareholder equity of ₹11.5B and total debt of ₹13.4B, which brings its debt-to-equity ratio to 116.8%. Its total assets and total liabilities are ₹27.2B and ₹15.7B respectively. Nitin Spinners's EBIT is ₹2.6B making its interest coverage ratio 3.1. It has cash and short-term investments of ₹4.1M.
Key information
116.8%
Debt to equity ratio
₹13.39b
Debt
Interest coverage ratio | 3.1x |
Cash | ₹4.05m |
Equity | ₹11.46b |
Total liabilities | ₹15.70b |
Total assets | ₹27.17b |
Recent financial health updates
Does Nitin Spinners (NSE:NITINSPIN) Have A Healthy Balance Sheet?
Jul 17We 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
Does Nitin Spinners (NSE:NITINSPIN) Have A Healthy Balance Sheet?
Jul 17We Think That There Are More Issues For Nitin Spinners (NSE:NITINSPIN) Than Just Sluggish Earnings
May 22Cautious Investors Not Rewarding Nitin Spinners Limited's (NSE:NITINSPIN) Performance Completely
Apr 08Nitin 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 (₹9.9B) exceed its short term liabilities (₹6.4B).
Long Term Liabilities: NITINSPIN's short term assets (₹9.9B) exceed its long term liabilities (₹9.3B).
Debt to Equity History and Analysis
Debt Level: NITINSPIN's net debt to equity ratio (116.8%) is considered high.
Reducing Debt: NITINSPIN's debt to equity ratio has reduced from 178.3% to 116.8% over the past 5 years.
Debt Coverage: NITINSPIN's debt is not well covered by operating cash flow (12.2%).
Interest Coverage: NITINSPIN's interest payments on its debt are well covered by EBIT (3.1x coverage).