Tamil Nadu Newsprint and Papers Balance Sheet Health
Financial Health criteria checks 3/6
Tamil Nadu Newsprint and Papers has a total shareholder equity of ₹19.4B and total debt of ₹18.7B, which brings its debt-to-equity ratio to 96.2%. Its total assets and total liabilities are ₹61.2B and ₹41.8B respectively. Tamil Nadu Newsprint and Papers's EBIT is ₹8.7B making its interest coverage ratio 4.2. It has cash and short-term investments of ₹1.2B.
Key information
96.2%
Debt to equity ratio
₹18.71b
Debt
Interest coverage ratio | 4.2x |
Cash | ₹1.16b |
Equity | ₹19.44b |
Total liabilities | ₹41.79b |
Total assets | ₹61.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531426's short term assets (₹15.6B) do not cover its short term liabilities (₹26.0B).
Long Term Liabilities: 531426's short term assets (₹15.6B) do not cover its long term liabilities (₹15.8B).
Debt to Equity History and Analysis
Debt Level: 531426's net debt to equity ratio (90.3%) is considered high.
Reducing Debt: 531426's debt to equity ratio has reduced from 122.2% to 96.2% over the past 5 years.
Debt Coverage: 531426's debt is well covered by operating cash flow (43.2%).
Interest Coverage: 531426's interest payments on its debt are well covered by EBIT (4.2x coverage).