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
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
Take 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 (₹5.7B) exceed its short term liabilities (₹4.2B).
Long Term Liabilities: NELCAST's short term assets (₹5.7B) exceed its long term liabilities (₹1.5B).
Debt to Equity History and Analysis
Debt Level: NELCAST's net debt to equity ratio (40.6%) is considered high.
Reducing Debt: NELCAST's debt to equity ratio has increased from 44.7% to 59.5% over the past 5 years.
Debt Coverage: NELCAST's debt is well covered by operating cash flow (32.9%).
Interest Coverage: NELCAST's interest payments on its debt are well covered by EBIT (3.4x coverage).