MITCON Consultancy & Engineering Services Balance Sheet Health
Financial Health criteria checks 1/6
MITCON Consultancy & Engineering Services has a total shareholder equity of ₹1.4B and total debt of ₹1.4B, which brings its debt-to-equity ratio to 100.1%. Its total assets and total liabilities are ₹3.1B and ₹1.7B respectively. MITCON Consultancy & Engineering Services's EBIT is ₹215.7M making its interest coverage ratio 1.8. It has cash and short-term investments of ₹107.9M.
Key information
100.1%
Debt to equity ratio
₹1.40b
Debt
| Interest coverage ratio | 1.8x |
| Cash | ₹107.91m |
| Equity | ₹1.40b |
| Total liabilities | ₹1.74b |
| Total assets | ₹3.14b |
Recent financial health updates
Does MITCON Consultancy & Engineering Services (NSE:MITCON) Have A Healthy Balance Sheet?
Jan 03
MITCON Consultancy & Engineering Services (NSE:MITCON) Has A Somewhat Strained Balance Sheet
Sep 15MITCON Consultancy & Engineering Services (NSE:MITCON) Use Of Debt Could Be Considered Risky
Jan 12Recent updates
Returns On Capital Are Showing Encouraging Signs At MITCON Consultancy & Engineering Services (NSE:MITCON)
Nov 15Shareholders Will Probably Hold Off On Increasing MITCON Consultancy & Engineering Services Limited's (NSE:MITCON) CEO Compensation For The Time Being
Sep 21Do MITCON Consultancy & Engineering Services' (NSE:MITCON) Earnings Warrant Your Attention?
Aug 07MITCON Consultancy & Engineering Services Limited's (NSE:MITCON) Business Is Yet to Catch Up With Its Share Price
Jun 15If EPS Growth Is Important To You, MITCON Consultancy & Engineering Services (NSE:MITCON) Presents An Opportunity
Apr 30Risks Still Elevated At These Prices As MITCON Consultancy & Engineering Services Limited (NSE:MITCON) Shares Dive 26%
Mar 15MITCON Consultancy & Engineering Services Limited (NSE:MITCON) Stocks Shoot Up 49% But Its P/E Still Looks Reasonable
Jan 20The Return Trends At MITCON Consultancy & Engineering Services (NSE:MITCON) Look Promising
Nov 10Should You Be Adding MITCON Consultancy & Engineering Services (NSE:MITCON) To Your Watchlist Today?
Jul 20MITCON Consultancy & Engineering Services Limited (NSE:MITCON) Screens Well But There Might Be A Catch
May 25MITCON Consultancy & Engineering Services (NSE:MITCON) Shareholders Will Want The ROCE Trajectory To Continue
Apr 12Does MITCON Consultancy & Engineering Services (NSE:MITCON) Have A Healthy Balance Sheet?
Jan 03MITCON Consultancy & Engineering Services (NSE:MITCON) Has A Somewhat Strained Balance Sheet
Sep 15Returns At MITCON Consultancy & Engineering Services (NSE:MITCON) Are On The Way Up
Aug 09Slowing Rates Of Return At MITCON Consultancy & Engineering Services (NSE:MITCON) Leave Little Room For Excitement
Mar 18MITCON Consultancy & Engineering Services (NSE:MITCON) Use Of Debt Could Be Considered Risky
Jan 12Estimating The Intrinsic Value Of MITCON Consultancy & Engineering Services Limited (NSE:MITCON)
Aug 30Returns On Capital At MITCON Consultancy & Engineering Services (NSE:MITCON) Have Stalled
May 27Will MITCON Consultancy & Engineering Services (NSE:MITCON) Multiply In Value Going Forward?
Jan 18What We Learned About MITCON Consultancy & Engineering Services' (NSE:MITCON) CEO Pay
Nov 26
Financial Position Analysis
Short Term Liabilities: MITCON's short term assets (₹881.6M) exceed its short term liabilities (₹513.5M).
Long Term Liabilities: MITCON's short term assets (₹881.6M) do not cover its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: MITCON's net debt to equity ratio (92.4%) is considered high.
Reducing Debt: MITCON's debt to equity ratio has increased from 63.8% to 100.1% over the past 5 years.
Debt Coverage: MITCON's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MITCON's interest payments on its debt are not well covered by EBIT (1.8x coverage).