MITCON Consultancy & Engineering Services Balance Sheet Health
Financial Health criteria checks 2/6
MITCON Consultancy & Engineering Services has a total shareholder equity of ₹1.2B and total debt of ₹1.3B, which brings its debt-to-equity ratio to 105.7%. Its total assets and total liabilities are ₹2.7B and ₹1.5B respectively. MITCON Consultancy & Engineering Services's EBIT is ₹190.3M making its interest coverage ratio 2. It has cash and short-term investments of ₹130.5M.
Key information
105.7%
Debt to equity ratio
₹1.27b
Debt
| Interest coverage ratio | 2x |
| Cash | ₹130.45m |
| Equity | ₹1.20b |
| Total liabilities | ₹1.54b |
| Total assets | ₹2.74b |
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
If 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 (₹635.0M) exceed its short term liabilities (₹404.1M).
Long Term Liabilities: MITCON's short term assets (₹635.0M) do not cover its long term liabilities (₹1.1B).
Debt to Equity History and Analysis
Debt Level: MITCON's net debt to equity ratio (94.8%) is considered high.
Reducing Debt: MITCON's debt to equity ratio has increased from 39.3% to 105.7% over the past 5 years.
Debt Coverage: MITCON's debt is well covered by operating cash flow (21.2%).
Interest Coverage: MITCON's interest payments on its debt are not well covered by EBIT (2x coverage).