Nirav Commercials Balance Sheet Health
Financial Health criteria checks 4/6
Nirav Commercials has a total shareholder equity of ₹299.7M and total debt of ₹22.1M, which brings its debt-to-equity ratio to 7.4%. Its total assets and total liabilities are ₹344.4M and ₹44.7M respectively. Nirav Commercials's EBIT is ₹1.3M making its interest coverage ratio -0.5. It has cash and short-term investments of ₹104.4M.
Key information
7.4%
Debt to equity ratio
₹22.10m
Debt
Interest coverage ratio | -0.5x |
Cash | ₹104.40m |
Equity | ₹299.70m |
Total liabilities | ₹44.70m |
Total assets | ₹344.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 512425's short term assets (₹212.5M) exceed its short term liabilities (₹44.8M).
Long Term Liabilities: 512425's short term assets (₹212.5M) do not cover its long term liabilities (₹-100.0K).
Debt to Equity History and Analysis
Debt Level: 512425 has more cash than its total debt.
Reducing Debt: 512425's debt to equity ratio has increased from 0% to 7.4% over the past 5 years.
Debt Coverage: 512425's debt is well covered by operating cash flow (184.2%).
Interest Coverage: 512425 earns more interest than it pays, so coverage of interest payments is not a concern.