Nitta Gelatin India Balance Sheet Health
Financial Health criteria checks 6/6
Nitta Gelatin India has a total shareholder equity of ₹3.2B and total debt of ₹210.4M, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are ₹4.0B and ₹790.6M respectively. Nitta Gelatin India's EBIT is ₹1.2B making its interest coverage ratio -872.1. It has cash and short-term investments of ₹385.2M.
Key information
6.6%
Debt to equity ratio
₹210.45m
Debt
Interest coverage ratio | -872.1x |
Cash | ₹385.17m |
Equity | ₹3.17b |
Total liabilities | ₹790.60m |
Total assets | ₹3.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506532's short term assets (₹2.4B) exceed its short term liabilities (₹705.7M).
Long Term Liabilities: 506532's short term assets (₹2.4B) exceed its long term liabilities (₹84.9M).
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 70.2% to 6.6% over the past 5 years.
Debt Coverage: 506532's debt is well covered by operating cash flow (435.4%).
Interest Coverage: 506532 earns more interest than it pays, so coverage of interest payments is not a concern.