Nitin Castings Balance Sheet Health
Financial Health criteria checks 6/6
Nitin Castings has a total shareholder equity of ₹717.0M and total debt of ₹49.2M, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are ₹1.1B and ₹376.4M respectively. Nitin Castings's EBIT is ₹145.4M making its interest coverage ratio 55.4. It has cash and short-term investments of ₹357.9M.
Key information
6.9%
Debt to equity ratio
₹49.15m
Debt
| Interest coverage ratio | 55.4x |
| Cash | ₹357.87m |
| Equity | ₹717.02m |
| Total liabilities | ₹376.39m |
| Total assets | ₹1.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 508875's short term assets (₹827.0M) exceed its short term liabilities (₹330.1M).
Long Term Liabilities: 508875's short term assets (₹827.0M) exceed its long term liabilities (₹46.3M).
Debt to Equity History and Analysis
Debt Level: 508875 has more cash than its total debt.
Reducing Debt: 508875's debt to equity ratio has reduced from 33.4% to 6.9% over the past 5 years.
Debt Coverage: 508875's debt is well covered by operating cash flow (354.1%).
Interest Coverage: 508875's interest payments on its debt are well covered by EBIT (55.4x coverage).