Modern Insulators Balance Sheet Health
Financial Health criteria checks 6/6
Modern Insulators has a total shareholder equity of ₹4.0B and total debt of ₹37.1M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are ₹5.1B and ₹1.1B respectively. Modern Insulators's EBIT is ₹239.9M making its interest coverage ratio 11.8. It has cash and short-term investments of ₹143.6M.
Key information
0.9%
Debt to equity ratio
₹37.14m
Debt
Interest coverage ratio | 11.8x |
Cash | ₹143.61m |
Equity | ₹3.99b |
Total liabilities | ₹1.09b |
Total assets | ₹5.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 515008's short term assets (₹2.7B) exceed its short term liabilities (₹619.9M).
Long Term Liabilities: 515008's short term assets (₹2.7B) exceed its long term liabilities (₹470.0M).
Debt to Equity History and Analysis
Debt Level: 515008 has more cash than its total debt.
Reducing Debt: 515008's debt to equity ratio has reduced from 32.7% to 0.9% over the past 5 years.
Debt Coverage: 515008's debt is well covered by operating cash flow (755.2%).
Interest Coverage: 515008's interest payments on its debt are well covered by EBIT (11.8x coverage).