Nitiraj Engineers Balance Sheet Health
Financial Health criteria checks 5/6
Nitiraj Engineers has a total shareholder equity of ₹700.7M and total debt of ₹1.1M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are ₹779.5M and ₹78.9M respectively. Nitiraj Engineers's EBIT is ₹57.9M making its interest coverage ratio -33.8. It has cash and short-term investments of ₹30.6M.
Key information
0.2%
Debt to equity ratio
₹1.15m
Debt
| Interest coverage ratio | -33.8x |
| Cash | ₹30.55m |
| Equity | ₹700.66m |
| Total liabilities | ₹78.88m |
| Total assets | ₹779.54m |
Recent financial health updates
No updates
Recent updates
It's Unlikely That Nitiraj Engineers Limited's (NSE:NITIRAJ) CEO Will See A Huge Pay Rise This Year
Sep 19
Shareholders May Not Be So Generous With Nitiraj Engineers Limited's (NSE:NITIRAJ) CEO Compensation And Here's Why
Sep 23How Much Is Nitiraj Engineers' (NSE:NITIRAJ) CEO Getting Paid?
Feb 22Nitiraj Engineers Limited's (NSE:NITIRAJ) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Jan 02
Insider Buying: The Nitiraj Engineers Limited (NSE:NITIRAJ) Chairman & MD Just Bought ₹1.7m Worth Of Shares
Dec 07Here's What We Think About Nitiraj Engineers' (NSE:NITIRAJ) CEO Pay
Nov 24Financial Position Analysis
Short Term Liabilities: NITIRAJ's short term assets (₹345.3M) exceed its short term liabilities (₹64.5M).
Long Term Liabilities: NITIRAJ's short term assets (₹345.3M) exceed its long term liabilities (₹14.4M).
Debt to Equity History and Analysis
Debt Level: NITIRAJ has more cash than its total debt.
Reducing Debt: NITIRAJ's debt to equity ratio has increased from 0% to 0.2% over the past 5 years.
Debt Coverage: NITIRAJ's debt is well covered by operating cash flow (1518.1%).
Interest Coverage: NITIRAJ earns more interest than it pays, so coverage of interest payments is not a concern.