Navneet Education Balance Sheet Health
Financial Health criteria checks 6/6
Navneet Education has a total shareholder equity of ₹12.7B and total debt of ₹475.5M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are ₹15.7B and ₹2.9B respectively. Navneet Education's EBIT is ₹2.0B making its interest coverage ratio 11.5. It has cash and short-term investments of ₹756.6M.
Key information
3.7%
Debt to equity ratio
₹475.50m
Debt
Interest coverage ratio | 11.5x |
Cash | ₹756.60m |
Equity | ₹12.74b |
Total liabilities | ₹2.93b |
Total assets | ₹15.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 508989's short term assets (₹8.9B) exceed its short term liabilities (₹2.3B).
Long Term Liabilities: 508989's short term assets (₹8.9B) exceed its long term liabilities (₹601.3M).
Debt to Equity History and Analysis
Debt Level: 508989 has more cash than its total debt.
Reducing Debt: 508989's debt to equity ratio has reduced from 40.2% to 3.7% over the past 5 years.
Debt Coverage: 508989's debt is well covered by operating cash flow (263.1%).
Interest Coverage: 508989's interest payments on its debt are well covered by EBIT (11.5x coverage).