Nikhil Adhesives Balance Sheet Health
Financial Health criteria checks 3/6
Nikhil Adhesives has a total shareholder equity of ₹1.2B and total debt of ₹676.4M, which brings its debt-to-equity ratio to 54.9%. Its total assets and total liabilities are ₹3.1B and ₹1.8B respectively. Nikhil Adhesives's EBIT is ₹285.9M making its interest coverage ratio 4.4. It has cash and short-term investments of ₹26.0M.
Key information
54.9%
Debt to equity ratio
₹676.40m
Debt
| Interest coverage ratio | 4.4x |
| Cash | ₹26.00m |
| Equity | ₹1.23b |
| Total liabilities | ₹1.84b |
| Total assets | ₹3.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526159's short term assets (₹2.1B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: 526159's short term assets (₹2.1B) exceed its long term liabilities (₹404.1M).
Debt to Equity History and Analysis
Debt Level: 526159's net debt to equity ratio (52.8%) is considered high.
Reducing Debt: 526159's debt to equity ratio has increased from 32.1% to 54.9% over the past 5 years.
Debt Coverage: 526159's debt is not well covered by operating cash flow (13.4%).
Interest Coverage: 526159's interest payments on its debt are well covered by EBIT (4.4x coverage).