Kansai Nerolac Paints Balance Sheet Health
Financial Health criteria checks 5/6
Kansai Nerolac Paints has a total shareholder equity of ₹53.3B and total debt of ₹3.2B, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are ₹71.2B and ₹17.9B respectively. Kansai Nerolac Paints's EBIT is ₹8.3B making its interest coverage ratio 31.7. It has cash and short-term investments of ₹10.9B.
Key information
6.1%
Debt to equity ratio
₹3.23b
Debt
Interest coverage ratio | 31.7x |
Cash | ₹10.90b |
Equity | ₹53.34b |
Total liabilities | ₹17.86b |
Total assets | ₹71.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500165's short term assets (₹45.1B) exceed its short term liabilities (₹15.2B).
Long Term Liabilities: 500165's short term assets (₹45.1B) exceed its long term liabilities (₹2.7B).
Debt to Equity History and Analysis
Debt Level: 500165 has more cash than its total debt.
Reducing Debt: 500165's debt to equity ratio has increased from 2.7% to 6.1% over the past 5 years.
Debt Coverage: 500165's debt is well covered by operating cash flow (235.5%).
Interest Coverage: 500165's interest payments on its debt are well covered by EBIT (31.7x coverage).