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 ₹21.1B and total debt of ₹17.9B, which brings its debt-to-equity ratio to 85%. Its total assets and total liabilities are ₹61.2B and ₹40.1B respectively. Tamil Nadu Newsprint and Papers's EBIT is ₹3.1B making its interest coverage ratio 1.7. It has cash and short-term investments of ₹65.4M.
Key information
85.0%
Debt to equity ratio
₹17.95b
Debt
| Interest coverage ratio | 1.7x |
| Cash | ₹65.40m |
| Equity | ₹21.12b |
| Total liabilities | ₹40.09b |
| Total assets | ₹61.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531426's short term assets (₹18.1B) do not cover its short term liabilities (₹26.9B).
Long Term Liabilities: 531426's short term assets (₹18.1B) exceed its long term liabilities (₹13.2B).
Debt to Equity History and Analysis
Debt Level: 531426's net debt to equity ratio (84.7%) is considered high.
Reducing Debt: 531426's debt to equity ratio has reduced from 95.4% to 85% over the past 5 years.
Debt Coverage: 531426's debt is well covered by operating cash flow (32.7%).
Interest Coverage: 531426's interest payments on its debt are not well covered by EBIT (1.7x coverage).