Neelkanth Balance Sheet Health
Financial Health criteria checks 5/6
Neelkanth has a total shareholder equity of ₹95.8M and total debt of ₹4.7M, which brings its debt-to-equity ratio to 4.9%. Its total assets and total liabilities are ₹111.4M and ₹15.5M respectively. Neelkanth's EBIT is ₹3.0M making its interest coverage ratio 35.4. It has cash and short-term investments of ₹176.0K.
Key information
4.9%
Debt to equity ratio
₹4.69m
Debt
| Interest coverage ratio | 35.4x |
| Cash | ₹176.00k |
| Equity | ₹95.84m |
| Total liabilities | ₹15.51m |
| Total assets | ₹111.36m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 512565's short term assets (₹80.0M) exceed its short term liabilities (₹11.9M).
Long Term Liabilities: 512565's short term assets (₹80.0M) exceed its long term liabilities (₹3.6M).
Debt to Equity History and Analysis
Debt Level: 512565's net debt to equity ratio (4.7%) is considered satisfactory.
Reducing Debt: 512565's debt to equity ratio has reduced from 163.7% to 4.9% over the past 5 years.
Debt Coverage: 512565's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: 512565's interest payments on its debt are well covered by EBIT (35.4x coverage).