Nalin Lease Finance Balance Sheet Health
Financial Health criteria checks 6/6
Nalin Lease Finance has a total shareholder equity of ₹294.9M and total debt of ₹44.2M, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are ₹346.7M and ₹51.8M respectively. Nalin Lease Finance's EBIT is ₹51.6M making its interest coverage ratio 17.5. It has cash and short-term investments of ₹84.8M.
Key information
15.0%
Debt to equity ratio
₹44.19m
Debt
Interest coverage ratio | 17.5x |
Cash | ₹84.78m |
Equity | ₹294.91m |
Total liabilities | ₹51.81m |
Total assets | ₹346.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531212's short term assets (₹334.8M) exceed its short term liabilities (₹51.4M).
Long Term Liabilities: 531212's short term assets (₹334.8M) exceed its long term liabilities (₹451.0K).
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 58.2% to 15% over the past 5 years.
Debt Coverage: 531212's debt is well covered by operating cash flow (79.1%).
Interest Coverage: 531212's interest payments on its debt are well covered by EBIT (17.5x coverage).