Nidan Laboratories and Healthcare Balance Sheet Health
Financial Health criteria checks 4/6
Nidan Laboratories and Healthcare has a total shareholder equity of ₹713.6M and total debt of ₹142.5M, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are ₹888.9M and ₹175.3M respectively. Nidan Laboratories and Healthcare's EBIT is ₹20.3M making its interest coverage ratio -2.4. It has cash and short-term investments of ₹64.4M.
Key information
20.0%
Debt to equity ratio
₹142.49m
Debt
| Interest coverage ratio | -2.4x |
| Cash | ₹64.43m |
| Equity | ₹713.61m |
| Total liabilities | ₹175.27m |
| Total assets | ₹888.88m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NIDAN's short term assets (₹204.0M) exceed its short term liabilities (₹126.0M).
Long Term Liabilities: NIDAN's short term assets (₹204.0M) exceed its long term liabilities (₹49.3M).
Debt to Equity History and Analysis
Debt Level: NIDAN's net debt to equity ratio (10.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NIDAN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NIDAN's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: NIDAN earns more interest than it pays, so coverage of interest payments is not a concern.