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
These 4 Measures Indicate That Minda (NSE:MINDACORP) Is Using Debt Reasonably Well
Jan 16Minda (NSE:MINDACORP) Seems To Use Debt Quite Sensibly
Dec 03Is Minda (NSE:MINDACORP) A Risky Investment?
Aug 03These 4 Measures Indicate That Minda (NSE:MINDACORP) Is Using Debt Safely
Dec 21Minda (NSE:MINDACORP) Seems To Use Debt Quite Sensibly
Jul 15Recent updates
Minda's (NSE:MINDACORP) Dividend Will Be ₹0.50
Feb 08Revenue Miss: Minda Corporation Limited Fell 5.1% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models
Feb 04These 4 Measures Indicate That Minda (NSE:MINDACORP) Is Using Debt Reasonably Well
Jan 16Minda Corporation Limited's (NSE:MINDACORP) Price Is Out Of Tune With Earnings
Dec 20If EPS Growth Is Important To You, Minda (NSE:MINDACORP) Presents An Opportunity
Oct 12Minda's (NSE:MINDACORP) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 08Minda's (NSE:MINDACORP) Dividend Will Be Increased To ₹0.80
Jun 24Minda (NSE:MINDACORP) Is Increasing Its Dividend To ₹0.80
Jun 10Minda (NSE:MINDACORP) Has Announced That It Will Be Increasing Its Dividend To ₹0.80
May 22Here's Why We Think Minda (NSE:MINDACORP) Might Deserve Your Attention Today
Mar 28Minda (NSE:MINDACORP) Seems To Use Debt Quite Sensibly
Dec 03Minda Corporation Limited (NSE:MINDACORP) Shares Could Be 45% Below Their Intrinsic Value Estimate
Aug 17Is Minda (NSE:MINDACORP) A Risky Investment?
Aug 03When Should You Buy Minda Corporation Limited (NSE:MINDACORP)?
Jul 14Here's What's Concerning About Minda's (NSE:MINDACORP) Returns On Capital
Jun 30Here's Why Minda (NSE:MINDACORP) Has Caught The Eye Of Investors
Jun 18What Does Minda Corporation Limited's (NSE:MINDACORP) Share Price Indicate?
Apr 07Minda Corporation Limited's (NSE:MINDACORP) Intrinsic Value Is Potentially 25% Below Its Share Price
Jan 08These 4 Measures Indicate That Minda (NSE:MINDACORP) Is Using Debt Safely
Dec 21Minda (NSE:MINDACORP) May Have Issues Allocating Its Capital
Nov 22Minda (NSE:MINDACORP) Seems To Use Debt Quite Sensibly
Jul 15Minda (NSE:MINDACORP) Is Reinvesting At Lower Rates Of Return
Jun 14Estimating The Intrinsic Value Of Minda Corporation Limited (NSE:MINDACORP)
May 21Financial Position Analysis
Short Term Liabilities: MINDACORP's short term assets (₹16.7B) exceed its short term liabilities (₹13.4B).
Long Term Liabilities: MINDACORP's short term assets (₹16.7B) exceed its long term liabilities (₹3.9B).
Debt to Equity History and Analysis
Debt Level: MINDACORP's net debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: MINDACORP's debt to equity ratio has reduced from 49.6% to 40.8% over the past 5 years.
Debt Coverage: MINDACORP's debt is well covered by operating cash flow (54.5%).
Interest Coverage: MINDACORP's interest payments on its debt are well covered by EBIT (8.8x coverage).