Mercury Ev-Tech Balance Sheet Health
Financial Health criteria checks 3/6
Mercury Ev-Tech has a total shareholder equity of ₹806.9M and total debt of ₹555.4M, which brings its debt-to-equity ratio to 68.8%. Its total assets and total liabilities are ₹1.5B and ₹699.1M respectively. Mercury Ev-Tech's EBIT is ₹29.0M making its interest coverage ratio 12.4. It has cash and short-term investments of ₹9.2M.
Key information
68.8%
Debt to equity ratio
₹555.39m
Debt
| Interest coverage ratio | 12.4x |
| Cash | ₹9.16m |
| Equity | ₹806.93m |
| Total liabilities | ₹699.10m |
| Total assets | ₹1.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531357's short term assets (₹690.1M) exceed its short term liabilities (₹162.2M).
Long Term Liabilities: 531357's short term assets (₹690.1M) exceed its long term liabilities (₹536.9M).
Debt to Equity History and Analysis
Debt Level: 531357's net debt to equity ratio (67.7%) is considered high.
Reducing Debt: 531357's debt to equity ratio has increased from 0% to 68.8% 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 (12.4x coverage).