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
The New India Assurance Company Limited (NSE:NIACL) Looks Just Right With A 28% Price Jump
Feb 17
Market Might Still Lack Some Conviction On The New India Assurance Company Limited (NSE:NIACL) Even After 48% Share Price Boost
Dec 18Earnings Miss: The New India Assurance Company Limited Missed EPS By 32% And Analysts Are Revising Their Forecasts
Jun 09The New India Assurance Company Limited (NSE:NIACL) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Feb 21What Type Of Returns Would New India Assurance's(NSE:NIACL) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Dec 02
Investors Who Bought New India Assurance (NSE:NIACL) Shares A Year Ago Are Now Up 11%
Aug 19Financial Position Analysis
Short Term Liabilities: NIACL's short term assets (₹216.9B) do not cover its short term liabilities (₹594.1B).
Long Term Liabilities: NIACL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NIACL is debt free.
Reducing Debt: NIACL has not had any debt for past 5 years.
Debt Coverage: NIACL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NIACL has no debt, therefore coverage of interest payments is not a concern.