Minda Balance Sheet Health
Financial Health criteria checks 6/6
Minda has a total shareholder equity of ₹21.0B and total debt of ₹3.3B, which brings its debt-to-equity ratio to 15.9%. Its total assets and total liabilities are ₹36.8B and ₹15.8B respectively. Minda's EBIT is ₹3.7B making its interest coverage ratio 11. It has cash and short-term investments of ₹5.0B.
Key information
15.9%
Debt to equity ratio
₹3.34b
Debt
| Interest coverage ratio | 11x |
| Cash | ₹4.99b |
| Equity | ₹21.02b |
| Total liabilities | ₹15.80b |
| Total assets | ₹36.82b |
Recent financial health updates
Does Minda (NSE:MINDACORP) Have A Healthy Balance Sheet?
Jun 25
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 03Recent updates
Minda Corporation Limited (NSE:MINDACORP) Not Lagging Market On Growth Or Pricing
Nov 07Is It Time To Consider Buying Minda Corporation Limited (NSE:MINDACORP)?
Oct 17Minda Corporation Limited (NSE:MINDACORP) Analysts Are Pretty Bullish On The Stock After Recent Results
Aug 13Investors Appear Satisfied With Minda Corporation Limited's (NSE:MINDACORP) Prospects
Jul 24Does Minda (NSE:MINDACORP) Have A Healthy Balance Sheet?
Jun 25Minda (NSE:MINDACORP) Hasn't Managed To Accelerate Its Returns
Jun 09Here's What Analysts Are Forecasting For Minda Corporation Limited (NSE:MINDACORP) After Its Annual Results
May 25What Does Minda Corporation Limited's (NSE:MINDACORP) Share Price Indicate?
Mar 27Minda'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 07Financial Position Analysis
Short Term Liabilities: MINDACORP's short term assets (₹21.2B) exceed its short term liabilities (₹12.4B).
Long Term Liabilities: MINDACORP's short term assets (₹21.2B) exceed its long term liabilities (₹3.4B).
Debt to Equity History and Analysis
Debt Level: MINDACORP has more cash than its total debt.
Reducing Debt: MINDACORP's debt to equity ratio has reduced from 51.9% to 15.9% over the past 5 years.
Debt Coverage: MINDACORP's debt is well covered by operating cash flow (116.1%).
Interest Coverage: MINDACORP's interest payments on its debt are well covered by EBIT (11x coverage).