Marco Cables & Conductors Balance Sheet Health
Financial Health criteria checks 2/6
Marco Cables & Conductors has a total shareholder equity of ₹297.1M and total debt of ₹422.3M, which brings its debt-to-equity ratio to 142.1%. Its total assets and total liabilities are ₹841.6M and ₹544.5M respectively. Marco Cables & Conductors's EBIT is ₹126.3M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹34.5M.
Key information
142.1%
Debt to equity ratio
₹422.33m
Debt
| Interest coverage ratio | 2.8x |
| Cash | ₹34.45m |
| Equity | ₹297.11m |
| Total liabilities | ₹544.47m |
| Total assets | ₹841.58m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: MARCO's short term assets (₹791.6M) exceed its short term liabilities (₹326.0M).
Long Term Liabilities: MARCO's short term assets (₹791.6M) exceed its long term liabilities (₹218.5M).
Debt to Equity History and Analysis
Debt Level: MARCO's net debt to equity ratio (130.6%) is considered high.
Reducing Debt: Insufficient data to determine if MARCO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MARCO's debt is not well covered by operating cash flow (1.2%).
Interest Coverage: MARCO's interest payments on its debt are not well covered by EBIT (2.8x coverage).