Nalin Lease Finance Balance Sheet Health
Financial Health criteria checks 5/6
Nalin Lease Finance has a total shareholder equity of ₹334.8M and total debt of ₹52.0M, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are ₹401.1M and ₹66.3M respectively. Nalin Lease Finance's EBIT is ₹59.5M making its interest coverage ratio 12. It has cash and short-term investments of ₹97.6M.
Key information
15.5%
Debt to equity ratio
₹52.01m
Debt
| Interest coverage ratio | 12x |
| Cash | ₹97.60m |
| Equity | ₹334.84m |
| Total liabilities | ₹66.25m |
| Total assets | ₹401.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531212's short term assets (₹386.8M) exceed its short term liabilities (₹59.5M).
Long Term Liabilities: 531212's short term assets (₹386.8M) exceed its long term liabilities (₹6.8M).
Debt to Equity History and Analysis
Debt Level: 531212 has more cash than its total debt.
Reducing Debt: 531212's debt to equity ratio has reduced from 50.2% to 15.5% over the past 5 years.
Debt Coverage: 531212's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531212's interest payments on its debt are well covered by EBIT (12x coverage).