Deco-Mica Balance Sheet Health
Financial Health criteria checks 3/6
Deco-Mica has a total shareholder equity of ₹233.8M and total debt of ₹195.5M, which brings its debt-to-equity ratio to 83.6%. Its total assets and total liabilities are ₹669.3M and ₹435.5M respectively. Deco-Mica's EBIT is ₹42.5M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹8.3M.
Key information
83.6%
Debt to equity ratio
₹195.52m
Debt
Interest coverage ratio | 2.8x |
Cash | ₹8.31m |
Equity | ₹233.84m |
Total liabilities | ₹435.49m |
Total assets | ₹669.33m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531227's short term assets (₹546.4M) exceed its short term liabilities (₹409.6M).
Long Term Liabilities: 531227's short term assets (₹546.4M) exceed its long term liabilities (₹25.9M).
Debt to Equity History and Analysis
Debt Level: 531227's net debt to equity ratio (80.1%) is considered high.
Reducing Debt: 531227's debt to equity ratio has reduced from 92.6% to 83.6% over the past 5 years.
Debt Coverage: 531227's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: 531227's interest payments on its debt are not well covered by EBIT (2.8x coverage).