Nova Iron & Steel Balance Sheet Health
Financial Health criteria checks 0/6
Nova Iron & Steel has a total shareholder equity of ₹-657.1M and total debt of ₹3.6B, which brings its debt-to-equity ratio to -550.4%. Its total assets and total liabilities are ₹4.5B and ₹5.1B respectively. Nova Iron & Steel's EBIT is ₹266.1M making its interest coverage ratio 1.2. It has cash and short-term investments of ₹26.8M.
Key information
-550.4%
Debt to equity ratio
₹3.62b
Debt
Interest coverage ratio | 1.2x |
Cash | ₹26.81m |
Equity | -₹657.08m |
Total liabilities | ₹5.13b |
Total assets | ₹4.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513566 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 513566 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 513566 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 513566's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 513566's debt is not well covered by operating cash flow (5%).
Interest Coverage: 513566's interest payments on its debt are not well covered by EBIT (1.2x coverage).