Nidhi Granites Balance Sheet Health
Financial Health criteria checks 4/6
Nidhi Granites has a total shareholder equity of ₹148.1M and total debt of ₹25.4M, which brings its debt-to-equity ratio to 17.1%. Its total assets and total liabilities are ₹279.5M and ₹131.5M respectively. Nidhi Granites's EBIT is ₹34.6M making its interest coverage ratio 9.8. It has cash and short-term investments of ₹26.6M.
Key information
17.1%
Debt to equity ratio
₹25.36m
Debt
| Interest coverage ratio | 9.8x |
| Cash | ₹26.64m |
| Equity | ₹148.06m |
| Total liabilities | ₹131.47m |
| Total assets | ₹279.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 512103's short term assets (₹222.9M) exceed its short term liabilities (₹118.7M).
Long Term Liabilities: 512103's short term assets (₹222.9M) exceed its long term liabilities (₹12.8M).
Debt to Equity History and Analysis
Debt Level: 512103 has more cash than its total debt.
Reducing Debt: 512103's debt to equity ratio has increased from 0% to 17.1% over the past 5 years.
Debt Coverage: 512103's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 512103's interest payments on its debt are well covered by EBIT (9.8x coverage).