New India Assurance Balance Sheet Health
Financial Health criteria checks 5/6
New India Assurance has a total shareholder equity of ₹510.8B and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹1,113.6B and ₹602.9B respectively. New India Assurance's EBIT is ₹15.3B making its interest coverage ratio 230.3. It has cash and short-term investments of ₹126.5B.
Key information
0%
Debt to equity ratio
₹0
Debt
| Interest coverage ratio | 230.3x |
| Cash | ₹126.54b |
| Equity | ₹510.76b |
| Total liabilities | ₹602.87b |
| Total assets | ₹1.11t |
Recent financial health updates
No updates
Recent updates
The New India Assurance Company Limited (NSE:NIACL) Shares Fly 26% But Investors Aren't Buying For Growth
Dec 22
New India Assurance (NSE:NIACL) Will Pay A Larger Dividend Than Last Year At ₹2.06
Sep 03New India Assurance (NSE:NIACL) Is Increasing Its Dividend To ₹2.06
Aug 18New India Assurance (NSE:NIACL) Is Increasing Its Dividend To ₹2.06
Jul 23Earnings Not Telling The Story For The New India Assurance Company Limited (NSE:NIACL) After Shares Rise 28%
Jul 05The New India Assurance Company Limited (NSE:NIACL) Looks Just Right With A 28% Price Jump
Feb 17Market 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 21Financial Position Analysis
Short Term Liabilities: NIACL's short term assets (₹220.2B) do not cover its short term liabilities (₹602.9B).
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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 12:11 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
The New India Assurance Company Limited is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Batlivala & Karani Securities India Pvt. Ltd. |
| Anil Burra | FirstCall Research |
| Hitesh Gulati | Haitong International Research Limited |