Techindia Nirman Balance Sheet Health
Financial Health criteria checks 1/6
Techindia Nirman has a total shareholder equity of ₹119.5M and total debt of ₹763.0M, which brings its debt-to-equity ratio to 638.6%. Its total assets and total liabilities are ₹883.5M and ₹764.0M respectively. Techindia Nirman's EBIT is ₹81.6M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹2.1M.
Key information
638.6%
Debt to equity ratio
₹763.01m
Debt
Interest coverage ratio | 1.4x |
Cash | ₹2.15m |
Equity | ₹119.47m |
Total liabilities | ₹763.98m |
Total assets | ₹883.45m |
Financial Position Analysis
Short Term Liabilities: TECHIN's short term assets (₹216.3M) do not cover its short term liabilities (₹764.0M).
Long Term Liabilities: TECHIN's short term assets (₹216.3M) exceed its long term liabilities (₹14.0K).
Debt to Equity History and Analysis
Debt Level: TECHIN's net debt to equity ratio (636.8%) is considered high.
Reducing Debt: TECHIN's debt to equity ratio has increased from 386.4% to 638.6% over the past 5 years.
Debt Coverage: TECHIN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TECHIN's interest payments on its debt are not well covered by EBIT (1.4x coverage).