Navneet Education Balance Sheet Health
Financial Health criteria checks 6/6
Navneet Education has a total shareholder equity of ₹18.4B and total debt of ₹307.6M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are ₹22.3B and ₹3.9B respectively. Navneet Education's EBIT is ₹2.4B making its interest coverage ratio 14.2. It has cash and short-term investments of ₹2.2B.
Key information
1.7%
Debt to equity ratio
₹307.60m
Debt
| Interest coverage ratio | 14.2x |
| Cash | ₹2.23b |
| Equity | ₹18.43b |
| Total liabilities | ₹3.89b |
| Total assets | ₹22.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 508989's short term assets (₹10.7B) exceed its short term liabilities (₹2.9B).
Long Term Liabilities: 508989's short term assets (₹10.7B) exceed its long term liabilities (₹1.0B).
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 4.8% to 1.7% over the past 5 years.
Debt Coverage: 508989's debt is well covered by operating cash flow (781.4%).
Interest Coverage: 508989's interest payments on its debt are well covered by EBIT (14.2x coverage).