Mini Diamonds India Balance Sheet Health
Financial Health criteria checks 4/6
Mini Diamonds India has a total shareholder equity of ₹58.9M and total debt of ₹131.8M, which brings its debt-to-equity ratio to 223.9%. Its total assets and total liabilities are ₹1.2B and ₹1.2B respectively. Mini Diamonds India's EBIT is ₹7.5M making its interest coverage ratio 7.7. It has cash and short-term investments of ₹623.0K.
Key information
223.9%
Debt to equity ratio
₹131.84m
Debt
| Interest coverage ratio | 7.7x |
| Cash | ₹623.00k |
| Equity | ₹58.88m |
| Total liabilities | ₹1.15b |
| Total assets | ₹1.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523373's short term assets (₹1.2B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: 523373 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 523373's net debt to equity ratio (222.9%) is considered high.
Reducing Debt: 523373's debt to equity ratio has reduced from 228.3% to 223.9% over the past 5 years.
Debt Coverage: 523373's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 523373's interest payments on its debt are well covered by EBIT (7.7x coverage).