Nidhi Granites Balance Sheet Health
Financial Health criteria checks 4/6
Nidhi Granites has a total shareholder equity of ₹129.6M and total debt of ₹32.2M, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are ₹218.2M and ₹88.6M respectively. Nidhi Granites's EBIT is ₹14.4M making its interest coverage ratio 3.6. It has cash and short-term investments of ₹49.6M.
Key information
24.9%
Debt to equity ratio
₹32.25m
Debt
Interest coverage ratio | 3.6x |
Cash | ₹49.57m |
Equity | ₹129.60m |
Total liabilities | ₹88.60m |
Total assets | ₹218.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 512103's short term assets (₹175.4M) exceed its short term liabilities (₹75.7M).
Long Term Liabilities: 512103's short term assets (₹175.4M) exceed its long term liabilities (₹12.9M).
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 24.9% 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 (3.6x coverage).