NGL Fine-Chem Balance Sheet Health
Financial Health criteria checks 6/6
NGL Fine-Chem has a total shareholder equity of ₹2.8B and total debt of ₹492.0M, which brings its debt-to-equity ratio to 17.6%. Its total assets and total liabilities are ₹4.0B and ₹1.2B respectively. NGL Fine-Chem's EBIT is ₹384.2M making its interest coverage ratio 89.3. It has cash and short-term investments of ₹989.9M.
Key information
17.6%
Debt to equity ratio
₹492.03m
Debt
| Interest coverage ratio | 89.3x |
| Cash | ₹989.91m |
| Equity | ₹2.80b |
| Total liabilities | ₹1.16b |
| Total assets | ₹3.96b |
Recent financial health updates
No updates
Recent updates
NGL Fine-Chem's (NSE:NGLFINE) Promising Earnings May Rest On Soft Foundations
May 28
NGL Fine-Chem Limited's (NSE:NGLFINE) 26% Price Boost Is Out Of Tune With Earnings
Apr 20NGL Fine-Chem Limited (NSE:NGLFINE) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected
Nov 18Weak Statutory Earnings May Not Tell The Whole Story For NGL Fine-Chem (NSE:NGLFINE)
Nov 05Financial Position Analysis
Short Term Liabilities: NGLFINE's short term assets (₹2.4B) exceed its short term liabilities (₹884.5M).
Long Term Liabilities: NGLFINE's short term assets (₹2.4B) exceed its long term liabilities (₹271.1M).
Debt to Equity History and Analysis
Debt Level: NGLFINE has more cash than its total debt.
Reducing Debt: NGLFINE's debt to equity ratio has reduced from 25.1% to 17.6% over the past 5 years.
Debt Coverage: NGLFINE's debt is well covered by operating cash flow (52.8%).
Interest Coverage: NGLFINE's interest payments on its debt are well covered by EBIT (89.3x coverage).