MakeMyTrip Balance Sheet Health
Financial Health criteria checks 5/6
MakeMyTrip has a total shareholder equity of $1.2B and total debt of $212.7M, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are $1.8B and $607.5M respectively. MakeMyTrip's EBIT is $84.2M making its interest coverage ratio -6.6. It has cash and short-term investments of $715.9M.
Key information
18.2%
Debt to equity ratio
US$212.68m
Debt
| Interest coverage ratio | -6.6x |
| Cash | US$715.93m |
| Equity | US$1.17b |
| Total liabilities | US$607.53m |
| Total assets | US$1.78b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MY1's short term assets ($996.4M) exceed its short term liabilities ($353.7M).
Long Term Liabilities: MY1's short term assets ($996.4M) exceed its long term liabilities ($253.8M).
Debt to Equity History and Analysis
Debt Level: MY1 has more cash than its total debt.
Reducing Debt: MY1's debt to equity ratio has increased from 2.1% to 18.2% over the past 5 years.
Debt Coverage: MY1's debt is well covered by operating cash flow (84.2%).
Interest Coverage: MY1 earns more interest than it pays, so coverage of interest payments is not a concern.