N G Industries Balance Sheet Health
Financial Health criteria checks 5/6
N G Industries has a total shareholder equity of ₹310.5M and total debt of ₹29.9M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are ₹351.8M and ₹41.2M respectively. N G Industries's EBIT is ₹11.8M making its interest coverage ratio -3.3. It has cash and short-term investments of ₹14.4M.
Key information
9.6%
Debt to equity ratio
₹29.93m
Debt
Interest coverage ratio | -3.3x |
Cash | ₹14.45m |
Equity | ₹310.52m |
Total liabilities | ₹41.23m |
Total assets | ₹351.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530897's short term assets (₹67.2M) exceed its short term liabilities (₹41.2M).
Long Term Liabilities: 530897 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 530897's net debt to equity ratio (5%) is considered satisfactory.
Reducing Debt: 530897's debt to equity ratio has reduced from 16.4% to 9.6% over the past 5 years.
Debt Coverage: 530897's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 530897 earns more interest than it pays, so coverage of interest payments is not a concern.