Maks Energy Solutions India Balance Sheet Health
Financial Health criteria checks 3/6
Maks Energy Solutions India has a total shareholder equity of ₹163.4M and total debt of ₹154.8M, which brings its debt-to-equity ratio to 94.7%. Its total assets and total liabilities are ₹337.0M and ₹173.5M respectively. Maks Energy Solutions India's EBIT is ₹26.7M making its interest coverage ratio 1.8. It has cash and short-term investments of ₹24.7M.
Key information
94.7%
Debt to equity ratio
₹154.81m
Debt
| Interest coverage ratio | 1.8x |
| Cash | ₹24.74m |
| Equity | ₹163.44m |
| Total liabilities | ₹173.54m |
| Total assets | ₹336.98m |
Financial Position Analysis
Short Term Liabilities: MAKS's short term assets (₹325.4M) exceed its short term liabilities (₹173.1M).
Long Term Liabilities: MAKS's short term assets (₹325.4M) exceed its long term liabilities (₹465.0K).
Debt to Equity History and Analysis
Debt Level: MAKS's net debt to equity ratio (79.6%) is considered high.
Reducing Debt: MAKS's debt to equity ratio has reduced from 310.2% to 94.7% over the past 5 years.
Debt Coverage: MAKS's debt is not well covered by operating cash flow (1.9%).
Interest Coverage: MAKS's interest payments on its debt are not well covered by EBIT (1.8x coverage).