MITCON Consultancy & Engineering Services Balance Sheet Health
Financial Health criteria checks 1/6
MITCON Consultancy & Engineering Services has a total shareholder equity of ₹1.3B and total debt of ₹1.4B, which brings its debt-to-equity ratio to 110.2%. Its total assets and total liabilities are ₹3.1B and ₹1.8B respectively. MITCON Consultancy & Engineering Services's EBIT is ₹209.1M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹140.5M.
Key information
110.2%
Debt to equity ratio
₹1.44b
Debt
Interest coverage ratio | 1.4x |
Cash | ₹140.47m |
Equity | ₹1.31b |
Total liabilities | ₹1.81b |
Total assets | ₹3.12b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: MITCONPP's short term assets (₹865.2M) exceed its short term liabilities (₹560.8M).
Long Term Liabilities: MITCONPP's short term assets (₹865.2M) do not cover its long term liabilities (₹1.3B).
Debt to Equity History and Analysis
Debt Level: MITCONPP's net debt to equity ratio (99.4%) is considered high.
Reducing Debt: MITCONPP's debt to equity ratio has increased from 63.8% to 110.2% over the past 5 years.
Debt Coverage: MITCONPP's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: MITCONPP's interest payments on its debt are not well covered by EBIT (1.4x coverage).