Neelkanth Balance Sheet Health
Financial Health criteria checks 5/6
Neelkanth has a total shareholder equity of ₹94.1M and total debt of ₹5.7M, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are ₹102.0M and ₹7.8M respectively. Neelkanth's EBIT is ₹1.9M making its interest coverage ratio 29. It has cash and short-term investments of ₹72.0K.
Key information
6.1%
Debt to equity ratio
₹5.73m
Debt
| Interest coverage ratio | 29x |
| Cash | ₹72.00k |
| Equity | ₹94.15m |
| Total liabilities | ₹7.81m |
| Total assets | ₹101.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 512565's short term assets (₹62.1M) exceed its short term liabilities (₹4.8M).
Long Term Liabilities: 512565's short term assets (₹62.1M) exceed its long term liabilities (₹3.0M).
Debt to Equity History and Analysis
Debt Level: 512565's net debt to equity ratio (6%) is considered satisfactory.
Reducing Debt: 512565's debt to equity ratio has reduced from 170.8% to 6.1% over the past 5 years.
Debt Coverage: 512565's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 512565's interest payments on its debt are well covered by EBIT (29x coverage).