North Eastern Carrying Balance Sheet Health
Financial Health criteria checks 4/6
North Eastern Carrying has a total shareholder equity of ₹2.2B and total debt of ₹946.7M, which brings its debt-to-equity ratio to 44%. Its total assets and total liabilities are ₹3.3B and ₹1.2B respectively. North Eastern Carrying's EBIT is ₹223.8M making its interest coverage ratio 2.6. It has cash and short-term investments of ₹123.8M.
Key information
44.0%
Debt to equity ratio
₹946.65m
Debt
| Interest coverage ratio | 2.6x |
| Cash | ₹123.80m |
| Equity | ₹2.15b |
| Total liabilities | ₹1.15b |
| Total assets | ₹3.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 534615's short term assets (₹3.1B) exceed its short term liabilities (₹879.8M).
Long Term Liabilities: 534615's short term assets (₹3.1B) exceed its long term liabilities (₹270.4M).
Debt to Equity History and Analysis
Debt Level: 534615's net debt to equity ratio (38.2%) is considered satisfactory.
Reducing Debt: 534615's debt to equity ratio has reduced from 77.4% to 44% 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 (2.6x coverage).