Marine Electricals (India) Financial Health
How is Marine Electricals (India)'s financial position?
[object Object] Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MARINE's short term assets (₹3.1B) exceed its short term liabilities (₹1.9B).
Long Term Liabilities: MARINE's short term assets (₹3.1B) exceed its long term liabilities (₹244.2M).
Debt to Equity History and Analysis
Debt Level: MARINE's net debt to equity ratio (20.9%) is considered satisfactory.
Reducing Debt: MARINE's debt to equity ratio has reduced from 47.1% to 30.2% over the past 5 years.
Debt Coverage: MARINE's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: MARINE's interest payments on its debt are well covered by EBIT (7.1x coverage).