National General Industries Balance Sheet Health
Financial Health criteria checks 5/6
National General Industries has a total shareholder equity of ₹361.9M and total debt of ₹9.5M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are ₹397.4M and ₹35.5M respectively. National General Industries's EBIT is ₹16.2M making its interest coverage ratio 14.6. It has cash and short-term investments of ₹87.8M.
Key information
2.6%
Debt to equity ratio
₹9.51m
Debt
| Interest coverage ratio | 14.6x |
| Cash | ₹87.75m |
| Equity | ₹361.89m |
| Total liabilities | ₹35.48m |
| Total assets | ₹397.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531651's short term assets (₹115.5M) exceed its short term liabilities (₹13.5M).
Long Term Liabilities: 531651's short term assets (₹115.5M) exceed its long term liabilities (₹22.0M).
Debt to Equity History and Analysis
Debt Level: 531651 has more cash than its total debt.
Reducing Debt: 531651's debt to equity ratio has reduced from 10.2% to 2.6% over the past 5 years.
Debt Coverage: 531651's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531651's interest payments on its debt are well covered by EBIT (14.6x coverage).