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
Nelco (NSE:NELCO) Has A Pretty Healthy Balance Sheet
Oct 23
We Think Nelco (NSE:NELCO) Can Manage Its Debt With Ease
Oct 24Does Nelco (NSE:NELCO) Have A Healthy Balance Sheet?
May 29Nelco (NSE:NELCO) Seems To Use Debt Quite Sensibly
Feb 24Does Nelco (NSE:NELCO) Have A Healthy Balance Sheet?
Nov 17We Think Nelco (NSE:NELCO) Is Taking Some Risk With Its Debt
Mar 15Recent updates
Nelco (NSE:NELCO) Has A Pretty Healthy Balance Sheet
Oct 23Many Would Be Envious Of Nelco's (NSE:NELCO) Excellent Returns On Capital
Sep 21Nelco Limited's (NSE:NELCO) 44% Share Price Surge Not Quite Adding Up
Aug 22Revenues Not Telling The Story For Nelco Limited (NSE:NELCO) After Shares Rise 27%
Jul 05Increases to Nelco Limited's (NSE:NELCO) CEO Compensation Might Cool off for now
Jun 19Nelco's (NSE:NELCO) Shareholders Will Receive A Bigger Dividend Than Last Year
Jun 05Getting In Cheap On Nelco Limited (NSE:NELCO) Is Unlikely
Mar 15We Think Nelco (NSE:NELCO) Can Manage Its Debt With Ease
Oct 24Nelco (NSE:NELCO) Might Be Having Difficulty Using Its Capital Effectively
Feb 25Nelco (NSE:NELCO) Is Reinvesting At Lower Rates Of Return
Aug 19Does Nelco (NSE:NELCO) Have A Healthy Balance Sheet?
May 29Nelco (NSE:NELCO) Is Reinvesting At Lower Rates Of Return
May 02Nelco (NSE:NELCO) Seems To Use Debt Quite Sensibly
Feb 24Returns On Capital Signal Tricky Times Ahead For Nelco (NSE:NELCO)
Jan 11Does Nelco (NSE:NELCO) Have A Healthy Balance Sheet?
Nov 17Capital Allocation Trends At Nelco (NSE:NELCO) Aren't Ideal
Aug 11Increases to Nelco Limited's (NSE:NELCO) CEO Compensation Might Cool off for now
Jun 16Nelco Limited's (NSE:NELCO) 0.6% Dividend Yield Looks Pretty Interesting
May 07We Think Nelco (NSE:NELCO) Might Have The DNA Of A Multi-Bagger
Mar 30We Think Nelco (NSE:NELCO) Is Taking Some Risk With Its Debt
Mar 15How Much Is Nelco Limited (NSE:NELCO) Paying Its CEO?
Feb 22Is Nelco's (NSE:NELCO) 120% Share Price Increase Well Justified?
Jan 31Are Robust Financials Driving The Recent Rally In Nelco Limited's (NSE:NELCO) Stock?
Jan 16Why Dividend Hunters Love Nelco Limited (NSE:NELCO)
Jan 02Nelco (NSE:NELCO): Are Investors Overlooking Returns On Capital?
Dec 20
Nelco (NSE:NELCO) Has A Somewhat Strained Balance Sheet
Dec 07How Much Did Nelco's (NSE:NELCO) CEO Pocket Last Year?
Nov 24We Think Nelco's (NSE:NELCO) Statutory Profit Might Understate Its Earnings Potential
Nov 11The Nelco (NSE:NELCO) Share Price Is Up 176% And Shareholders Are Boasting About It
Oct 29Why Nelco Limited (NSE:NELCO) Looks Like A Quality Company
Oct 11Is Nelco Limited (NSE:NELCO) A Good Fit For Your Dividend Portfolio?
Sep 23These Trends Paint A Bright Future For Nelco (NSE:NELCO)
Sep 08Here's Why Nelco (NSE:NELCO) Has A Meaningful Debt Burden
Aug 25Does Nelco's (NSE:NELCO) CEO Salary Compare Well With Industry Peers?
Aug 09Nelco Limited (NSE:NELCO) Not Flying Under The Radar
Aug 09Is Nelco's (NSE:NELCO) Share Price Gain Of 202% Well Earned?
Jul 24Why Nelco Limited (NSE:NELCO) Looks Like A Quality Company
Jul 06Financial Position Analysis
Short Term Liabilities: NELCO's short term assets (₹1.5B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: NELCO's short term assets (₹1.5B) exceed its long term liabilities (₹172.5M).
Debt to Equity History and Analysis
Debt Level: NELCO's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: NELCO's debt to equity ratio has reduced from 166.3% to 23% over the past 5 years.
Debt Coverage: NELCO's debt is well covered by operating cash flow (142.9%).
Interest Coverage: NELCO's interest payments on its debt are well covered by EBIT (5.5x coverage).