Nirlon Balance Sheet Health
Financial Health criteria checks 2/6
Nirlon has a total shareholder equity of ₹3.8B and total debt of ₹11.5B, which brings its debt-to-equity ratio to 301.3%. Its total assets and total liabilities are ₹22.7B and ₹18.9B respectively. Nirlon's EBIT is ₹4.3B making its interest coverage ratio 4.4. It has cash and short-term investments of ₹2.3B.
Key information
301.3%
Debt to equity ratio
₹11.46b
Debt
| Interest coverage ratio | 4.4x |
| Cash | ₹2.29b |
| Equity | ₹3.80b |
| Total liabilities | ₹18.89b |
| Total assets | ₹22.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500307's short term assets (₹2.6B) do not cover its short term liabilities (₹3.1B).
Long Term Liabilities: 500307's short term assets (₹2.6B) do not cover its long term liabilities (₹15.8B).
Debt to Equity History and Analysis
Debt Level: 500307's net debt to equity ratio (241.3%) is considered high.
Reducing Debt: 500307's debt to equity ratio has increased from 235.8% to 301.3% over the past 5 years.
Debt Coverage: 500307's debt is well covered by operating cash flow (37.9%).
Interest Coverage: 500307's interest payments on its debt are well covered by EBIT (4.4x coverage).