Northern Spirits Balance Sheet Health
Financial Health criteria checks 2/6
Northern Spirits has a total shareholder equity of ₹902.7M and total debt of ₹1.5B, which brings its debt-to-equity ratio to 169.9%. Its total assets and total liabilities are ₹2.5B and ₹1.6B respectively. Northern Spirits's EBIT is ₹218.9M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹340.1M.
Key information
169.9%
Debt to equity ratio
₹1.53b
Debt
Interest coverage ratio | 2.8x |
Cash | ₹340.08m |
Equity | ₹902.72m |
Total liabilities | ₹1.60b |
Total assets | ₹2.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 542628's short term assets (₹2.4B) exceed its short term liabilities (₹1.5B).
Long Term Liabilities: 542628's short term assets (₹2.4B) exceed its long term liabilities (₹67.0M).
Debt to Equity History and Analysis
Debt Level: 542628's net debt to equity ratio (132.2%) is considered high.
Reducing Debt: 542628's debt to equity ratio has increased from 104.4% to 169.9% over the past 5 years.
Debt Coverage: 542628's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 542628's interest payments on its debt are not well covered by EBIT (2.8x coverage).