Midas Infra Trade Balance Sheet Health
Financial Health criteria checks 2/6
Midas Infra Trade has a total shareholder equity of ₹151.2M and total debt of ₹136.9M, which brings its debt-to-equity ratio to 90.5%. Its total assets and total liabilities are ₹309.3M and ₹158.1M respectively. Midas Infra Trade's EBIT is ₹848.0M making its interest coverage ratio 17434.4. It has cash and short-term investments of ₹300.0K.
Key information
90.5%
Debt to equity ratio
₹136.90m
Debt
Interest coverage ratio | 17434.4x |
Cash | ₹300.00k |
Equity | ₹151.20m |
Total liabilities | ₹158.10m |
Total assets | ₹309.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531192's short term assets (₹131.5M) exceed its short term liabilities (₹18.7M).
Long Term Liabilities: 531192's short term assets (₹131.5M) do not cover its long term liabilities (₹139.4M).
Debt to Equity History and Analysis
Debt Level: 531192's net debt to equity ratio (90.3%) is considered high.
Reducing Debt: 531192's debt to equity ratio has increased from 0.3% to 90.5% over the past 5 years.
Debt Coverage: 531192's debt is not well covered by operating cash flow (4.3%).
Interest Coverage: 531192's interest payments on its debt are well covered by EBIT (17434.4x coverage).