Megatherm Induction Balance Sheet Health
Financial Health criteria checks 6/6
Megatherm Induction has a total shareholder equity of ₹1.2B and total debt of ₹361.6M, which brings its debt-to-equity ratio to 30%. Its total assets and total liabilities are ₹2.7B and ₹1.5B respectively. Megatherm Induction's EBIT is ₹337.8M making its interest coverage ratio 5.5. It has cash and short-term investments of ₹676.1M.
Key information
30.0%
Debt to equity ratio
₹361.56m
Debt
| Interest coverage ratio | 5.5x |
| Cash | ₹676.08m |
| Equity | ₹1.20b |
| Total liabilities | ₹1.50b |
| Total assets | ₹2.70b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: MEGATHERM's short term assets (₹1.9B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: MEGATHERM's short term assets (₹1.9B) exceed its long term liabilities (₹108.2M).
Debt to Equity History and Analysis
Debt Level: MEGATHERM has more cash than its total debt.
Reducing Debt: MEGATHERM's debt to equity ratio has reduced from 134.7% to 30% over the past 5 years.
Debt Coverage: MEGATHERM's debt is well covered by operating cash flow (63.4%).
Interest Coverage: MEGATHERM's interest payments on its debt are well covered by EBIT (5.5x coverage).