Nidhi Granites Balance Sheet Health
Financial Health criteria checks 4/6
Nidhi Granites has a total shareholder equity of ₹124.2M and total debt of ₹74.1M, which brings its debt-to-equity ratio to 59.7%. Its total assets and total liabilities are ₹217.8M and ₹93.5M respectively. Nidhi Granites's EBIT is ₹13.2M making its interest coverage ratio 3.3. It has cash and short-term investments of ₹51.7M.
Key information
59.7%
Debt to equity ratio
₹74.13m
Debt
Interest coverage ratio | 3.3x |
Cash | ₹51.65m |
Equity | ₹124.22m |
Total liabilities | ₹93.53m |
Total assets | ₹217.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 512103's short term assets (₹174.7M) exceed its short term liabilities (₹80.6M).
Long Term Liabilities: 512103's short term assets (₹174.7M) exceed its long term liabilities (₹12.9M).
Debt to Equity History and Analysis
Debt Level: 512103's net debt to equity ratio (18.1%) is considered satisfactory.
Reducing Debt: 512103's debt to equity ratio has increased from 0% to 59.7% 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 (3.3x coverage).