Modern Insulators Balance Sheet Health
Financial Health criteria checks 6/6
Modern Insulators has a total shareholder equity of ₹4.2B and total debt of ₹191.4M, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are ₹5.5B and ₹1.3B respectively. Modern Insulators's EBIT is ₹269.1M making its interest coverage ratio 8.7. It has cash and short-term investments of ₹272.1M.
Key information
4.5%
Debt to equity ratio
₹191.40m
Debt
| Interest coverage ratio | 8.7x |
| Cash | ₹272.09m |
| Equity | ₹4.25b |
| Total liabilities | ₹1.29b |
| Total assets | ₹5.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 515008's short term assets (₹3.1B) exceed its short term liabilities (₹824.8M).
Long Term Liabilities: 515008's short term assets (₹3.1B) exceed its long term liabilities (₹464.9M).
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 32.8% to 4.5% over the past 5 years.
Debt Coverage: 515008's debt is well covered by operating cash flow (61.3%).
Interest Coverage: 515008's interest payments on its debt are well covered by EBIT (8.7x coverage).