Mercury Ev-Tech Balance Sheet Health
Financial Health criteria checks 3/6
Mercury Ev-Tech has a total shareholder equity of ₹514.6M and total debt of ₹333.2M, which brings its debt-to-equity ratio to 64.8%. Its total assets and total liabilities are ₹925.6M and ₹411.0M respectively. Mercury Ev-Tech's EBIT is ₹24.0M making its interest coverage ratio 9. It has cash and short-term investments of ₹41.4M.
Key information
64.8%
Debt to equity ratio
₹333.23m
Debt
Interest coverage ratio | 9x |
Cash | ₹41.41m |
Equity | ₹514.61m |
Total liabilities | ₹411.01m |
Total assets | ₹925.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531357's short term assets (₹425.6M) exceed its short term liabilities (₹80.6M).
Long Term Liabilities: 531357's short term assets (₹425.6M) exceed its long term liabilities (₹330.4M).
Debt to Equity History and Analysis
Debt Level: 531357's net debt to equity ratio (56.7%) is considered high.
Reducing Debt: 531357's debt to equity ratio has increased from 0% to 64.8% over the past 5 years.
Debt Coverage: 531357's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531357's interest payments on its debt are well covered by EBIT (9x coverage).