MakeMyTrip Balance Sheet Health
Financial Health criteria checks 5/6
MakeMyTrip has a total shareholder equity of $1.1B and total debt of $204.9M, which brings its debt-to-equity ratio to 18.4%. Its total assets and total liabilities are $1.7B and $543.7M respectively. MakeMyTrip's EBIT is $75.3M making its interest coverage ratio -2.7. It has cash and short-term investments of $606.8M.
Key information
18.4%
Debt to equity ratio
US$204.92m
Debt
Interest coverage ratio | -2.7x |
Cash | US$606.79m |
Equity | US$1.12b |
Total liabilities | US$543.66m |
Total assets | US$1.66b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MY1's short term assets ($857.3M) exceed its short term liabilities ($297.6M).
Long Term Liabilities: MY1's short term assets ($857.3M) exceed its long term liabilities ($246.1M).
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 0.05% to 18.4% over the past 5 years.
Debt Coverage: MY1's debt is well covered by operating cash flow (61.4%).
Interest Coverage: MY1 earns more interest than it pays, so coverage of interest payments is not a concern.