Nelcast Balance Sheet Health
Financial Health criteria checks 3/6
Nelcast has a total shareholder equity of ₹5.2B and total debt of ₹3.3B, which brings its debt-to-equity ratio to 63%. Its total assets and total liabilities are ₹11.3B and ₹6.1B respectively. Nelcast's EBIT is ₹689.6M making its interest coverage ratio 3.7. It has cash and short-term investments of ₹848.9M.
Key information
63.0%
Debt to equity ratio
₹3.29b
Debt
| Interest coverage ratio | 3.7x |
| Cash | ₹848.91m |
| Equity | ₹5.22b |
| Total liabilities | ₹6.10b |
| Total assets | ₹11.32b |
Recent financial health updates
Nelcast (NSE:NELCAST) Takes On Some Risk With Its Use Of Debt
Mar 28
Nelcast (NSE:NELCAST) Takes On Some Risk With Its Use Of Debt
Dec 06We Think Nelcast (NSE:NELCAST) Is Taking Some Risk With Its Debt
Jul 08Is Nelcast (NSE:NELCAST) A Risky Investment?
Dec 13Is Nelcast (NSE:NELCAST) Using Too Much Debt?
Dec 10
Recent updates
Sentiment Still Eluding Nelcast Limited (NSE:NELCAST)
Oct 26Nelcast (NSE:NELCAST) Hasn't Managed To Accelerate Its Returns
Jun 27Do Nelcast's (NSE:NELCAST) Earnings Warrant Your Attention?
Jun 12Nelcast's (NSE:NELCAST) Promising Earnings May Rest On Soft Foundations
May 21Take Care Before Diving Into The Deep End On Nelcast Limited (NSE:NELCAST)
Apr 05Returns On Capital At Nelcast (NSE:NELCAST) Have Stalled
Mar 12Here's Why We Think Nelcast (NSE:NELCAST) Might Deserve Your Attention Today
Sep 23Investors Could Be Concerned With Nelcast's (NSE:NELCAST) Returns On Capital
Aug 26Nelcast's (NSE:NELCAST) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 24Nelcast (NSE:NELCAST) Is Increasing Its Dividend To ₹0.40
Jul 10Nelcast (NSE:NELCAST) Is Paying Out A Larger Dividend Than Last Year
May 21Nelcast (NSE:NELCAST) Takes On Some Risk With Its Use Of Debt
Mar 28Nelcast (NSE:NELCAST) Takes On Some Risk With Its Use Of Debt
Dec 06Nelcast (NSE:NELCAST) May Have Issues Allocating Its Capital
Aug 18Nelcast's (NSE:NELCAST) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 24Nelcast (NSE:NELCAST) Is Paying Out A Larger Dividend Than Last Year
Jul 10We Think Nelcast (NSE:NELCAST) Is Taking Some Risk With Its Debt
Jul 08Nelcast (NSE:NELCAST) Is Paying Out A Larger Dividend Than Last Year
Jun 09Nelcast (NSE:NELCAST) Will Pay A Larger Dividend Than Last Year At ₹0.30
May 26Nelcast (NSE:NELCAST) May Have Issues Allocating Its Capital
Feb 24Is Nelcast (NSE:NELCAST) A Risky Investment?
Dec 13Nelcast (NSE:NELCAST) Is Reinvesting At Lower Rates Of Return
May 20Is Nelcast's (NSE:NELCAST) 111% Share Price Increase Well Justified?
Mar 09Will Nelcast (NSE:NELCAST) Multiply In Value Going Forward?
Feb 19Here's Why We Don't Think Nelcast's (NSE:NELCAST) Statutory Earnings Reflect Its Underlying Earnings Potential
Feb 01Did Nelcast Limited (NSE:NELCAST) Insiders Buy Up More Shares?
Jan 14Nelcast Limited (NSE:NELCAST) Is Up But Financials Look Inconsistent: Which Way Is The Stock Headed?
Dec 28Is Nelcast (NSE:NELCAST) Using Too Much Debt?
Dec 10What Type Of Returns Would Nelcast's(NSE:NELCAST) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Nov 21Is Nelcast (NSE:NELCAST) Likely To Turn Things Around?
Nov 02Are Insiders Buying Nelcast Limited (NSE:NELCAST) Stock?
Oct 07Nelcast Limited's (NSE:NELCAST) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
Sep 11Financial Position Analysis
Short Term Liabilities: NELCAST's short term assets (₹6.1B) exceed its short term liabilities (₹4.7B).
Long Term Liabilities: NELCAST's short term assets (₹6.1B) exceed its long term liabilities (₹1.4B).
Debt to Equity History and Analysis
Debt Level: NELCAST's net debt to equity ratio (46.8%) is considered high.
Reducing Debt: NELCAST's debt to equity ratio has increased from 50.2% to 63% over the past 5 years.
Debt Coverage: NELCAST's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: NELCAST's interest payments on its debt are well covered by EBIT (3.7x coverage).