Meera Industries Balance Sheet Health
Financial Health criteria checks 5/6
Meera Industries has a total shareholder equity of ₹252.1M and total debt of ₹8.7M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are ₹367.0M and ₹114.9M respectively. Meera Industries's EBIT is ₹8.3M making its interest coverage ratio 4.7. It has cash and short-term investments of ₹5.5M.
Key information
3.4%
Debt to equity ratio
₹8.65m
Debt
Interest coverage ratio | 4.7x |
Cash | ₹5.47m |
Equity | ₹252.10m |
Total liabilities | ₹114.93m |
Total assets | ₹367.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540519's short term assets (₹175.0M) exceed its short term liabilities (₹101.9M).
Long Term Liabilities: 540519's short term assets (₹175.0M) exceed its long term liabilities (₹13.0M).
Debt to Equity History and Analysis
Debt Level: 540519's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: 540519's debt to equity ratio has increased from 0.5% to 3.4% over the past 5 years.
Debt Coverage: 540519's debt is well covered by operating cash flow (154.5%).
Interest Coverage: 540519's interest payments on its debt are well covered by EBIT (4.7x coverage).