Mandeep Auto Industries Balance Sheet Health
Financial Health criteria checks 4/6
Mandeep Auto Industries has a total shareholder equity of ₹315.9M and total debt of ₹20.7M, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are ₹408.6M and ₹92.7M respectively. Mandeep Auto Industries's EBIT is ₹14.9M making its interest coverage ratio 3. It has cash and short-term investments of ₹64.8M.
Key information
6.6%
Debt to equity ratio
₹20.70m
Debt
| Interest coverage ratio | 3x |
| Cash | ₹64.85m |
| Equity | ₹315.92m |
| Total liabilities | ₹92.72m |
| Total assets | ₹408.64m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MANDEEP's short term assets (₹351.7M) exceed its short term liabilities (₹72.1M).
Long Term Liabilities: MANDEEP's short term assets (₹351.7M) exceed its long term liabilities (₹20.6M).
Debt to Equity History and Analysis
Debt Level: MANDEEP has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MANDEEP's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MANDEEP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MANDEEP's interest payments on its debt are well covered by EBIT (3x coverage).