MIRC Electronics Balance Sheet Health
Financial Health criteria checks 4/6
MIRC Electronics has a total shareholder equity of ₹1.3B and total debt of ₹1.1B, which brings its debt-to-equity ratio to 86.8%. Its total assets and total liabilities are ₹5.5B and ₹4.2B respectively.
Key information
86.8%
Debt to equity ratio
₹1.13b
Debt
| Interest coverage ratio | n/a |
| Cash | ₹115.40m |
| Equity | ₹1.31b |
| Total liabilities | ₹4.22b |
| Total assets | ₹5.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500279's short term assets (₹4.4B) exceed its short term liabilities (₹3.9B).
Long Term Liabilities: 500279's short term assets (₹4.4B) exceed its long term liabilities (₹324.2M).
Debt to Equity History and Analysis
Debt Level: 500279's net debt to equity ratio (78%) is considered high.
Reducing Debt: 500279's debt to equity ratio has increased from 39% to 86.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 500279 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 500279 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.3% per year.