Kansai Nerolac Paints Balance Sheet Health
Financial Health criteria checks 5/6
Kansai Nerolac Paints has a total shareholder equity of ₹56.0B and total debt of ₹2.8B, which brings its debt-to-equity ratio to 4.9%. Its total assets and total liabilities are ₹74.1B and ₹18.1B respectively. Kansai Nerolac Paints's EBIT is ₹8.3B making its interest coverage ratio 33.6. It has cash and short-term investments of ₹15.8B.
Key information
4.9%
Debt to equity ratio
₹2.76b
Debt
| Interest coverage ratio | 33.6x |
| Cash | ₹15.81b |
| Equity | ₹55.99b |
| Total liabilities | ₹18.11b |
| Total assets | ₹74.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500165's short term assets (₹47.5B) exceed its short term liabilities (₹15.2B).
Long Term Liabilities: 500165's short term assets (₹47.5B) exceed its long term liabilities (₹2.9B).
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 3.1% to 4.9% over the past 5 years.
Debt Coverage: 500165's debt is well covered by operating cash flow (326.7%).
Interest Coverage: 500165's interest payments on its debt are well covered by EBIT (33.6x coverage).