N G Industries Balance Sheet Health
Financial Health criteria checks 4/6
N G Industries has a total shareholder equity of ₹417.1M and total debt of ₹12.5M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are ₹484.4M and ₹67.3M respectively. N G Industries's EBIT is ₹11.7M making its interest coverage ratio -1.6. It has cash and short-term investments of ₹55.0M.
Key information
3.0%
Debt to equity ratio
₹12.50m
Debt
| Interest coverage ratio | -1.6x |
| Cash | ₹54.98m |
| Equity | ₹417.08m |
| Total liabilities | ₹67.28m |
| Total assets | ₹484.36m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530897's short term assets (₹66.5M) do not cover its short term liabilities (₹67.3M).
Long Term Liabilities: 530897 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 530897 has more cash than its total debt.
Reducing Debt: 530897's debt to equity ratio has increased from 2.4% to 3% over the past 5 years.
Debt Coverage: 530897's debt is well covered by operating cash flow (434.9%).
Interest Coverage: 530897 earns more interest than it pays, so coverage of interest payments is not a concern.