Niks Technology Balance Sheet Health
Financial Health criteria checks 5/6
Niks Technology has a total shareholder equity of ₹42.9M and total debt of ₹1.6M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are ₹55.1M and ₹12.2M respectively. Niks Technology's EBIT is ₹6.4M making its interest coverage ratio 22.2. It has cash and short-term investments of ₹15.4M.
Key information
3.8%
Debt to equity ratio
₹1.65m
Debt
Interest coverage ratio | 22.2x |
Cash | ₹15.39m |
Equity | ₹42.90m |
Total liabilities | ₹12.23m |
Total assets | ₹55.12m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543282's short term assets (₹47.9M) exceed its short term liabilities (₹12.2M).
Long Term Liabilities: 543282 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 543282 has more cash than its total debt.
Reducing Debt: 543282's debt to equity ratio has reduced from 303.3% to 3.8% over the past 5 years.
Debt Coverage: 543282's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 543282's interest payments on its debt are well covered by EBIT (22.2x coverage).