Minal Industries Balance Sheet Health
Financial Health criteria checks 4/6
Minal Industries has a total shareholder equity of ₹609.5M and total debt of ₹132.4M, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are ₹911.5M and ₹302.0M respectively. Minal Industries's EBIT is ₹35.9M making its interest coverage ratio -115. It has cash and short-term investments of ₹2.7M.
Key information
21.7%
Debt to equity ratio
₹132.45m
Debt
| Interest coverage ratio | -115x |
| Cash | ₹2.75m |
| Equity | ₹609.49m |
| Total liabilities | ₹301.99m |
| Total assets | ₹911.48m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 522235's short term assets (₹841.3M) exceed its short term liabilities (₹187.5M).
Long Term Liabilities: 522235's short term assets (₹841.3M) exceed its long term liabilities (₹114.5M).
Debt to Equity History and Analysis
Debt Level: 522235's net debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: 522235's debt to equity ratio has reduced from 28.8% to 21.7% 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: Insufficient data to determine if 522235 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 522235 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.