Art Nirman Balance Sheet Health
Financial Health criteria checks 6/6
Art Nirman has a total shareholder equity of ₹349.7M and total debt of ₹6.0M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are ₹492.8M and ₹143.0M respectively. Art Nirman's EBIT is ₹12.9M making its interest coverage ratio 7. It has cash and short-term investments of ₹5.3M.
Key information
1.7%
Debt to equity ratio
₹6.00m
Debt
Interest coverage ratio | 7x |
Cash | ₹5.27m |
Equity | ₹349.74m |
Total liabilities | ₹143.04m |
Total assets | ₹492.78m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ARTNIRMAN's short term assets (₹410.9M) exceed its short term liabilities (₹96.5M).
Long Term Liabilities: ARTNIRMAN's short term assets (₹410.9M) exceed its long term liabilities (₹46.6M).
Debt to Equity History and Analysis
Debt Level: ARTNIRMAN's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: ARTNIRMAN's debt to equity ratio has reduced from 173.9% to 1.7% over the past 5 years.
Debt Coverage: ARTNIRMAN's debt is well covered by operating cash flow (690.7%).
Interest Coverage: ARTNIRMAN's interest payments on its debt are well covered by EBIT (7x coverage).