Modern Insulators Balance Sheet Health
Financial Health criteria checks 6/6
Modern Insulators has a total shareholder equity of ₹4.5B and total debt of ₹69.5M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are ₹5.7B and ₹1.3B respectively. Modern Insulators's EBIT is ₹268.5M making its interest coverage ratio 21.2. It has cash and short-term investments of ₹523.2M.
Key information
1.6%
Debt to equity ratio
₹69.48m
Debt
| Interest coverage ratio | 21.2x |
| Cash | ₹523.24m |
| Equity | ₹4.45b |
| Total liabilities | ₹1.26b |
| Total assets | ₹5.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 515008's short term assets (₹3.2B) exceed its short term liabilities (₹787.6M).
Long Term Liabilities: 515008's short term assets (₹3.2B) exceed its long term liabilities (₹468.7M).
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 32.9% to 1.6% over the past 5 years.
Debt Coverage: 515008's debt is well covered by operating cash flow (723.3%).
Interest Coverage: 515008's interest payments on its debt are well covered by EBIT (21.2x coverage).