Novateor Research Laboratories Balance Sheet Health
Financial Health criteria checks 5/6
Novateor Research Laboratories has a total shareholder equity of ₹78.9M and total debt of ₹10.9M, which brings its debt-to-equity ratio to 13.8%. Its total assets and total liabilities are ₹93.9M and ₹15.0M respectively. Novateor Research Laboratories's EBIT is ₹816.4K making its interest coverage ratio 3.7. It has cash and short-term investments of ₹2.1M.
Key information
13.8%
Debt to equity ratio
₹10.87m
Debt
Interest coverage ratio | 3.7x |
Cash | ₹2.12m |
Equity | ₹78.86m |
Total liabilities | ₹15.04m |
Total assets | ₹93.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 542771's short term assets (₹71.6M) exceed its short term liabilities (₹7.6M).
Long Term Liabilities: 542771's short term assets (₹71.6M) exceed its long term liabilities (₹7.5M).
Debt to Equity History and Analysis
Debt Level: 542771's net debt to equity ratio (11.1%) is considered satisfactory.
Reducing Debt: 542771's debt to equity ratio has reduced from 16.5% to 13.8% over the past 5 years.
Debt Coverage: 542771's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 542771's interest payments on its debt are well covered by EBIT (3.7x coverage).