Nimbus Projects Balance Sheet Health
Financial Health criteria checks 1/6
Nimbus Projects has a total shareholder equity of ₹-42.6M and total debt of ₹382.5M, which brings its debt-to-equity ratio to -896.8%. Its total assets and total liabilities are ₹1.8B and ₹1.9B respectively. Nimbus Projects's EBIT is ₹341.1M making its interest coverage ratio 7.6. It has cash and short-term investments of ₹352.4M.
Key information
-896.8%
Debt to equity ratio
₹382.48m
Debt
| Interest coverage ratio | 7.6x |
| Cash | ₹352.45m |
| Equity | -₹42.65m |
| Total liabilities | ₹1.85b |
| Total assets | ₹1.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 511714 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 511714 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 511714 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 511714's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 511714's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 511714's interest payments on its debt are well covered by EBIT (7.6x coverage).