Marine Electricals (India)

NSEI:MARINE Stock Report

Mkt Cap: ₹4.2b

Marine Electricals (India) Financial Health

How is Marine Electricals (India)'s financial position?

[object Object] Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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).


Balance Sheet


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