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
We Think North Eastern Carrying (NSE:NECCLTD) Can Stay On Top Of Its Debt
Nov 06
Is North Eastern Carrying (NSE:NECCLTD) Using Too Much Debt?
Mar 27Does North Eastern Carrying (NSE:NECCLTD) Have A Healthy Balance Sheet?
Jun 23North Eastern Carrying (NSE:NECCLTD) Has A Pretty Healthy Balance Sheet
Feb 09Is North Eastern Carrying (NSE:NECCLTD) Using Too Much Debt?
Jul 28We Think North Eastern Carrying (NSE:NECCLTD) Is Taking Some Risk With Its Debt
Mar 02Recent updates
There's Reason For Concern Over North Eastern Carrying Corporation Limited's (NSE:NECCLTD) Massive 26% Price Jump
Nov 11North Eastern Carrying's (NSE:NECCLTD) Earnings Are Weaker Than They Seem
Nov 07Some Investors May Be Worried About North Eastern Carrying's (NSE:NECCLTD) Returns On Capital
Nov 07Even With A 28% Surge, Cautious Investors Are Not Rewarding North Eastern Carrying Corporation Limited's (NSE:NECCLTD) Performance Completely
Jul 05After Leaping 45% North Eastern Carrying Corporation Limited (NSE:NECCLTD) Shares Are Not Flying Under The Radar
Dec 18North Eastern Carrying's (NSE:NECCLTD) Returns Have Hit A Wall
Dec 14We Think North Eastern Carrying (NSE:NECCLTD) Can Stay On Top Of Its Debt
Nov 06Is North Eastern Carrying (NSE:NECCLTD) Using Too Much Debt?
Mar 27Here's What To Make Of North Eastern Carrying's (NSE:NECCLTD) Decelerating Rates Of Return
Feb 28Shareholders May Not Be So Generous With North Eastern Carrying Corporation Limited's (NSE:NECCLTD) CEO Compensation And Here's Why
Sep 24Does North Eastern Carrying (NSE:NECCLTD) Have A Healthy Balance Sheet?
Jun 23North Eastern Carrying (NSE:NECCLTD) Could Be Struggling To Allocate Capital
May 11North Eastern Carrying (NSE:NECCLTD) Has A Pretty Healthy Balance Sheet
Feb 09Returns On Capital At North Eastern Carrying (NSE:NECCLTD) Paint A Concerning Picture
Jan 10Increases to North Eastern Carrying Corporation Limited's (NSE:NECCLTD) CEO Compensation Might Cool off for now
Sep 22Is North Eastern Carrying (NSE:NECCLTD) Using Too Much Debt?
Jul 28The Returns On Capital At North Eastern Carrying (NSE:NECCLTD) Don't Inspire Confidence
Jun 22We Think North Eastern Carrying (NSE:NECCLTD) Is Taking Some Risk With Its Debt
Mar 02A Look At North Eastern Carrying's (NSE:NECCLTD) CEO Remuneration
Jan 26Should You Be Impressed By North Eastern Carrying's (NSE:NECCLTD) Returns on Capital?
Dec 22We Think North Eastern Carrying (NSE:NECCLTD) Is Taking Some Risk With Its Debt
Nov 17What Can We Conclude About North Eastern Carrying's (NSE:NECCLTD) CEO Pay?
Oct 13
Financial Position Analysis
Short Term Liabilities: NECCLTD's short term assets (₹3.1B) exceed its short term liabilities (₹879.8M).
Long Term Liabilities: NECCLTD's short term assets (₹3.1B) exceed its long term liabilities (₹270.4M).
Debt to Equity History and Analysis
Debt Level: NECCLTD's net debt to equity ratio (38.2%) is considered satisfactory.
Reducing Debt: NECCLTD's debt to equity ratio has reduced from 77.4% to 44% over the past 5 years.
Debt Coverage: NECCLTD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NECCLTD's interest payments on its debt are not well covered by EBIT (2.6x coverage).