Newgen Software Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Newgen Software Technologies has a total shareholder equity of ₹10.4B and total debt of ₹386.4M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are ₹13.8B and ₹3.5B respectively. Newgen Software Technologies's EBIT is ₹2.4B making its interest coverage ratio -13.6. It has cash and short-term investments of ₹5.9B.
Key information
3.7%
Debt to equity ratio
₹386.40m
Debt
Interest coverage ratio | -13.6x |
Cash | ₹5.88b |
Equity | ₹10.36b |
Total liabilities | ₹3.49b |
Total assets | ₹13.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540900's short term assets (₹10.1B) exceed its short term liabilities (₹2.8B).
Long Term Liabilities: 540900's short term assets (₹10.1B) exceed its long term liabilities (₹651.7M).
Debt to Equity History and Analysis
Debt Level: 540900 has more cash than its total debt.
Reducing Debt: 540900's debt to equity ratio has reduced from 17.3% to 3.7% over the past 5 years.
Debt Coverage: 540900's debt is well covered by operating cash flow (582%).
Interest Coverage: 540900 earns more interest than it pays, so coverage of interest payments is not a concern.