Nelcast Balance Sheet Health
Financial Health criteria checks 4/6
Nelcast has a total shareholder equity of ₹4.9B and total debt of ₹2.9B, which brings its debt-to-equity ratio to 59.5%. Its total assets and total liabilities are ₹10.6B and ₹5.7B respectively. Nelcast's EBIT is ₹713.1M making its interest coverage ratio 3.4. It has cash and short-term investments of ₹926.6M.
Key information
59.5%
Debt to equity ratio
₹2.92b
Debt
Interest coverage ratio | 3.4x |
Cash | ₹926.57m |
Equity | ₹4.91b |
Total liabilities | ₹5.68b |
Total assets | ₹10.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532864's short term assets (₹5.7B) exceed its short term liabilities (₹4.2B).
Long Term Liabilities: 532864's short term assets (₹5.7B) exceed its long term liabilities (₹1.5B).
Debt to Equity History and Analysis
Debt Level: 532864's net debt to equity ratio (40.6%) is considered high.
Reducing Debt: 532864's debt to equity ratio has increased from 44.7% to 59.5% over the past 5 years.
Debt Coverage: 532864's debt is well covered by operating cash flow (32.9%).
Interest Coverage: 532864's interest payments on its debt are well covered by EBIT (3.4x coverage).