National Fittings Balance Sheet Health
Financial Health criteria checks 6/6
National Fittings has a total shareholder equity of ₹593.5M and total debt of ₹153.8M, which brings its debt-to-equity ratio to 25.9%. Its total assets and total liabilities are ₹882.5M and ₹289.0M respectively. National Fittings's EBIT is ₹78.0M making its interest coverage ratio 6.2. It has cash and short-term investments of ₹108.6M.
Key information
25.9%
Debt to equity ratio
₹153.80m
Debt
Interest coverage ratio | 6.2x |
Cash | ₹108.60m |
Equity | ₹593.50m |
Total liabilities | ₹289.00m |
Total assets | ₹882.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531289's short term assets (₹339.6M) exceed its short term liabilities (₹235.3M).
Long Term Liabilities: 531289's short term assets (₹339.6M) exceed its long term liabilities (₹53.7M).
Debt to Equity History and Analysis
Debt Level: 531289's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: 531289's debt to equity ratio has reduced from 50.7% to 25.9% over the past 5 years.
Debt Coverage: 531289's debt is well covered by operating cash flow (64.5%).
Interest Coverage: 531289's interest payments on its debt are well covered by EBIT (6.2x coverage).