CMI Balance Sheet Health
Financial Health criteria checks 2/6
CMI has a total shareholder equity of ₹-1.4B and total debt of ₹3.8B, which brings its debt-to-equity ratio to -281.2%. Its total assets and total liabilities are ₹3.2B and ₹4.6B respectively.
Key information
-281.2%
Debt to equity ratio
₹3.81b
Debt
| Interest coverage ratio | n/a |
| Cash | ₹63.25m |
| Equity | -₹1.36b |
| Total liabilities | ₹4.55b |
| Total assets | ₹3.20b |
Recent financial health updates
Is CMI (NSE:CMICABLES) Using Debt Sensibly?
Sep 21
CMI (NSE:CMICABLES) Use Of Debt Could Be Considered Risky
Dec 21Recent updates
We Think Shareholders May Want To Consider A Review Of CMI Limited's (NSE:CMICABLES) CEO Compensation Package
Sep 23Is CMI (NSE:CMICABLES) Using Debt Sensibly?
Sep 21Are Dividend Investors Making A Mistake With CMI Limited (NSE:CMICABLES)?
Apr 05CMI (NSE:CMICABLES) Use Of Debt Could Be Considered Risky
Dec 21Should You Be Impressed By CMI's (NSE:CMICABLES) Returns on Capital?
Nov 25Is CMI Limited (NSE:CMICABLES) A Good Dividend Stock?
Oct 21
CMI Limited (NSE:CMICABLES) Pays A ₹0.50 Dividend In Just Three Days
Sep 16Here's What To Make Of CMI's (NSE:CMICABLES) Returns On Capital
Aug 24Are Insiders Buying CMI Limited (NSE:CMICABLES) Stock?
Jul 28Financial Position Analysis
Short Term Liabilities: CMICABLES has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CMICABLES has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: CMICABLES has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CMICABLES's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CMICABLES has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CMICABLES is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 3.4% per year.