Mewar Hi-Tech Engineering Balance Sheet Health
Financial Health criteria checks 3/6
Mewar Hi-Tech Engineering has a total shareholder equity of ₹86.4M and total debt of ₹236.9M, which brings its debt-to-equity ratio to 274.3%. Its total assets and total liabilities are ₹556.2M and ₹469.8M respectively. Mewar Hi-Tech Engineering's EBIT is ₹6.2M making its interest coverage ratio 0.2. It has cash and short-term investments of ₹4.2M.
Key information
274.3%
Debt to equity ratio
₹236.93m
Debt
| Interest coverage ratio | 0.2x |
| Cash | ₹4.15m |
| Equity | ₹86.37m |
| Total liabilities | ₹469.82m |
| Total assets | ₹556.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540150's short term assets (₹392.9M) exceed its short term liabilities (₹368.1M).
Long Term Liabilities: 540150's short term assets (₹392.9M) exceed its long term liabilities (₹101.8M).
Debt to Equity History and Analysis
Debt Level: 540150's net debt to equity ratio (269.5%) is considered high.
Reducing Debt: 540150's debt to equity ratio has reduced from 289.7% to 274.3% over the past 5 years.
Debt Coverage: Insufficient data to determine if 540150's debt is well covered by operating cash flow.
Interest Coverage: 540150's interest payments on its debt are not well covered by EBIT (0.2x coverage).