Nikhil Adhesives Balance Sheet Health
Financial Health criteria checks 4/6
Nikhil Adhesives has a total shareholder equity of ₹1.1B and total debt of ₹640.4M, which brings its debt-to-equity ratio to 59.6%. Its total assets and total liabilities are ₹2.9B and ₹1.9B respectively. Nikhil Adhesives's EBIT is ₹284.0M making its interest coverage ratio 11.5. It has cash and short-term investments of ₹61.7M.
Key information
59.6%
Debt to equity ratio
₹640.40m
Debt
Interest coverage ratio | 11.5x |
Cash | ₹61.70m |
Equity | ₹1.07b |
Total liabilities | ₹1.87b |
Total assets | ₹2.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526159's short term assets (₹2.0B) exceed its short term liabilities (₹1.5B).
Long Term Liabilities: 526159's short term assets (₹2.0B) exceed its long term liabilities (₹393.9M).
Debt to Equity History and Analysis
Debt Level: 526159's net debt to equity ratio (53.9%) is considered high.
Reducing Debt: 526159's debt to equity ratio has reduced from 115.4% to 59.6% over the past 5 years.
Debt Coverage: 526159's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: 526159's interest payments on its debt are well covered by EBIT (11.5x coverage).