New India Assurance Balance Sheet Health
Financial Health criteria checks 5/6
New India Assurance has a total shareholder equity of ₹427.8B and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹1,021.9B and ₹594.1B respectively. New India Assurance's EBIT is ₹14.8B making its interest coverage ratio 1183.6. It has cash and short-term investments of ₹113.4B.
Key information
0%
Debt to equity ratio
₹0
Debt
Interest coverage ratio | 1183.6x |
Cash | ₹113.44b |
Equity | ₹427.81b |
Total liabilities | ₹594.06b |
Total assets | ₹1.02t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540769's short term assets (₹216.9B) do not cover its short term liabilities (₹594.1B).
Long Term Liabilities: 540769 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 540769 is debt free.
Reducing Debt: 540769 has not had any debt for past 5 years.
Debt Coverage: 540769 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 540769 has no debt, therefore coverage of interest payments is not a concern.