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
No updates
Financial Position Analysis
Short Term Liabilities: MITCONPP's short term assets (₹881.6M) exceed its short term liabilities (₹513.5M).
Long Term Liabilities: MITCONPP's short term assets (₹881.6M) do not cover its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: MITCONPP's net debt to equity ratio (92.4%) is considered high.
Reducing Debt: MITCONPP's debt to equity ratio has increased from 63.8% to 100.1% over the past 5 years.
Debt Coverage: MITCONPP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MITCONPP's interest payments on its debt are not well covered by EBIT (1.8x coverage).