Mohit Industries Balance Sheet Health
Financial Health criteria checks 4/6
Mohit Industries has a total shareholder equity of ₹2.7B and total debt of ₹524.0M, which brings its debt-to-equity ratio to 19.2%. Its total assets and total liabilities are ₹3.3B and ₹566.9M respectively. Mohit Industries's EBIT is ₹1.5M making its interest coverage ratio 0. It has cash and short-term investments of ₹1.7M.
Key information
19.2%
Debt to equity ratio
₹524.00m
Debt
| Interest coverage ratio | 0.04x |
| Cash | ₹1.74m |
| Equity | ₹2.73b |
| Total liabilities | ₹566.94m |
| Total assets | ₹3.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531453's short term assets (₹558.9M) exceed its short term liabilities (₹507.3M).
Long Term Liabilities: 531453's short term assets (₹558.9M) exceed its long term liabilities (₹59.7M).
Debt to Equity History and Analysis
Debt Level: 531453's net debt to equity ratio (19.1%) is considered satisfactory.
Reducing Debt: 531453's debt to equity ratio has reduced from 173% to 19.2% over the past 5 years.
Debt Coverage: 531453's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: 531453's interest payments on its debt are not well covered by EBIT (0x coverage).