Marine Electricals (India) Balance Sheet Health
Financial Health criteria checks 6/6
Marine Electricals (India) has a total shareholder equity of ₹3.9B and total debt of ₹806.4M, which brings its debt-to-equity ratio to 20.7%. Its total assets and total liabilities are ₹7.2B and ₹3.3B respectively. Marine Electricals (India)'s EBIT is ₹538.8M making its interest coverage ratio 3.8. It has cash and short-term investments of ₹561.4M.
Key information
20.7%
Debt to equity ratio
₹806.38m
Debt
| Interest coverage ratio | 3.8x |
| Cash | ₹561.45m |
| Equity | ₹3.89b |
| Total liabilities | ₹3.32b |
| Total assets | ₹7.21b |
Recent financial health updates
Here's Why Marine Electricals (India) (NSE:MARINE) Can Manage Its Debt Responsibly
Jan 12
Here's Why Marine Electricals (India) (NSE:MARINE) Can Manage Its Debt Responsibly
Feb 01Does Marine Electricals (India) (NSE:MARINE) Have A Healthy Balance Sheet?
Mar 15These 4 Measures Indicate That Marine Electricals (India) (NSE:MARINE) Is Using Debt Safely
Sep 27Marine Electricals (India) (NSE:MARINE) Has A Somewhat Strained Balance Sheet
Jul 02Marine Electricals (India) (NSE:MARINE) Seems To Use Debt Quite Sensibly
Mar 08Recent updates
The Price Is Right For Marine Electricals (India) Limited (NSE:MARINE) Even After Diving 26%
Jan 14Here's Why Marine Electricals (India) (NSE:MARINE) Can Manage Its Debt Responsibly
Jan 12Marine Electricals (India) Limited's (NSE:MARINE) 27% Price Boost Is Out Of Tune With Revenues
Nov 27Revenues Not Telling The Story For Marine Electricals (India) Limited (NSE:MARINE) After Shares Rise 26%
Aug 13Investors Will Want Marine Electricals (India)'s (NSE:MARINE) Growth In ROCE To Persist
Jul 05Pinning Down Marine Electricals (India) Limited's (NSE:MARINE) P/E Is Difficult Right Now
May 22Returns At Marine Electricals (India) (NSE:MARINE) Appear To Be Weighed Down
Apr 04Here's Why Marine Electricals (India) (NSE:MARINE) Can Manage Its Debt Responsibly
Feb 01Here's Why We Think Marine Electricals (India) (NSE:MARINE) Might Deserve Your Attention Today
Dec 28Investors Could Be Concerned With Marine Electricals (India)'s (NSE:MARINE) Returns On Capital
Oct 14Is Now The Time To Put Marine Electricals (India) (NSE:MARINE) On Your Watchlist?
Aug 10Does Marine Electricals (India) (NSE:MARINE) Have A Healthy Balance Sheet?
Mar 15Marine Electricals (India) (NSE:MARINE) Ticks All The Boxes When It Comes To Earnings Growth
Feb 17These 4 Measures Indicate That Marine Electricals (India) (NSE:MARINE) Is Using Debt Safely
Sep 27Returns On Capital Signal Tricky Times Ahead For Marine Electricals (India) (NSE:MARINE)
May 07Here's What's Concerning About Marine Electricals (India)'s (NSE:MARINE) Returns On Capital
Dec 09Capital Allocation Trends At Marine Electricals (India) (NSE:MARINE) Aren't Ideal
Jul 29Marine Electricals (India) (NSE:MARINE) Has A Somewhat Strained Balance Sheet
Jul 02Marine Electricals (India)'s (NSE:MARINE) Returns On Capital Not Reflecting Well On The Business
Apr 16Marine Electricals (India) (NSE:MARINE) Seems To Use Debt Quite Sensibly
Mar 08Do Its Financials Have Any Role To Play In Driving Marine Electricals (India) Limited's (NSE:MARINE) Stock Up Recently?
Feb 19
The Trends At Marine Electricals (India) (NSE:MARINE) That You Should Know About
Jan 02Marine Electricals (India) (NSE:MARINE) Has A Somewhat Strained Balance Sheet
Dec 06Financial Position Analysis
Short Term Liabilities: MARINE's short term assets (₹6.0B) exceed its short term liabilities (₹3.0B).
Long Term Liabilities: MARINE's short term assets (₹6.0B) exceed its long term liabilities (₹353.4M).
Debt to Equity History and Analysis
Debt Level: MARINE's net debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: MARINE's debt to equity ratio has reduced from 32.2% to 20.7% over the past 5 years.
Debt Coverage: MARINE's debt is well covered by operating cash flow (58%).
Interest Coverage: MARINE's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/30 16:56 |
| End of Day Share Price | 2025/01/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Marine Electricals (India) Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
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