Nelco Balance Sheet Health
Financial Health criteria checks 6/6
Nelco has a total shareholder equity of ₹1.3B and total debt of ₹292.5M, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are ₹2.8B and ₹1.6B respectively. Nelco's EBIT is ₹319.3M making its interest coverage ratio 5.5. It has cash and short-term investments of ₹111.9M.
Key information
23.0%
Debt to equity ratio
₹292.50m
Debt
| Interest coverage ratio | 5.5x |
| Cash | ₹111.90m |
| Equity | ₹1.27b |
| Total liabilities | ₹1.56b |
| Total assets | ₹2.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 504112's short term assets (₹1.5B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: 504112's short term assets (₹1.5B) exceed its long term liabilities (₹172.5M).
Debt to Equity History and Analysis
Debt Level: 504112's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: 504112's debt to equity ratio has reduced from 166.3% to 23% over the past 5 years.
Debt Coverage: 504112's debt is well covered by operating cash flow (142.9%).
Interest Coverage: 504112's interest payments on its debt are well covered by EBIT (5.5x coverage).