North Eastern Carrying Balance Sheet Health
Financial Health criteria checks 2/6
North Eastern Carrying has a total shareholder equity of ₹1.5B and total debt of ₹1.1B, which brings its debt-to-equity ratio to 76.9%. Its total assets and total liabilities are ₹2.8B and ₹1.3B respectively. North Eastern Carrying's EBIT is ₹191.6M making its interest coverage ratio 2.4. It has cash and short-term investments of ₹230.4M.
Key information
76.9%
Debt to equity ratio
₹1.14b
Debt
Interest coverage ratio | 2.4x |
Cash | ₹230.42m |
Equity | ₹1.48b |
Total liabilities | ₹1.31b |
Total assets | ₹2.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 534615's short term assets (₹2.6B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: 534615's short term assets (₹2.6B) exceed its long term liabilities (₹144.8M).
Debt to Equity History and Analysis
Debt Level: 534615's net debt to equity ratio (61.4%) is considered high.
Reducing Debt: 534615's debt to equity ratio has increased from 66.6% to 76.9% over the past 5 years.
Debt Coverage: 534615's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 534615's interest payments on its debt are not well covered by EBIT (2.4x coverage).