Minda Balance Sheet Health
Financial Health criteria checks 6/6
Minda has a total shareholder equity of ₹18.8B and total debt of ₹7.6B, which brings its debt-to-equity ratio to 40.8%. Its total assets and total liabilities are ₹36.1B and ₹17.3B respectively. Minda's EBIT is ₹3.4B making its interest coverage ratio 8.8. It has cash and short-term investments of ₹1.3B.
Key information
40.8%
Debt to equity ratio
₹7.65b
Debt
Interest coverage ratio | 8.8x |
Cash | ₹1.29b |
Equity | ₹18.77b |
Total liabilities | ₹17.29b |
Total assets | ₹36.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 538962's short term assets (₹16.7B) exceed its short term liabilities (₹13.4B).
Long Term Liabilities: 538962's short term assets (₹16.7B) exceed its long term liabilities (₹3.9B).
Debt to Equity History and Analysis
Debt Level: 538962's net debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: 538962's debt to equity ratio has reduced from 49.6% to 40.8% over the past 5 years.
Debt Coverage: 538962's debt is well covered by operating cash flow (54.5%).
Interest Coverage: 538962's interest payments on its debt are well covered by EBIT (8.8x coverage).