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 17Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/04 10:25 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
North Eastern Carrying Corporation Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Vinayak M. | FirstCall Research |