Nitta Gelatin India Balance Sheet Health
Financial Health criteria checks 6/6
Nitta Gelatin India has a total shareholder equity of ₹3.8B and total debt of ₹179.0M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are ₹4.6B and ₹734.3M respectively. Nitta Gelatin India's EBIT is ₹973.6M making its interest coverage ratio -163. It has cash and short-term investments of ₹1.1B.
Key information
4.7%
Debt to equity ratio
₹178.97m
Debt
| Interest coverage ratio | -163x |
| Cash | ₹1.07b |
| Equity | ₹3.85b |
| Total liabilities | ₹734.34m |
| Total assets | ₹4.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506532's short term assets (₹3.0B) exceed its short term liabilities (₹636.7M).
Long Term Liabilities: 506532's short term assets (₹3.0B) exceed its long term liabilities (₹97.6M).
Debt to Equity History and Analysis
Debt Level: 506532 has more cash than its total debt.
Reducing Debt: 506532's debt to equity ratio has reduced from 55.9% to 4.7% over the past 5 years.
Debt Coverage: 506532's debt is well covered by operating cash flow (546.3%).
Interest Coverage: 506532 earns more interest than it pays, so coverage of interest payments is not a concern.