Minaxi Textiles Balance Sheet Health
Financial Health criteria checks 3/6
Minaxi Textiles has a total shareholder equity of ₹20.0M and total debt of ₹164.1M, which brings its debt-to-equity ratio to 820.4%. Its total assets and total liabilities are ₹259.8M and ₹239.8M respectively.
Key information
820.4%
Debt to equity ratio
₹164.08m
Debt
| Interest coverage ratio | n/a |
| Cash | ₹35.00k |
| Equity | ₹20.00m |
| Total liabilities | ₹239.80m |
| Total assets | ₹259.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531456's short term assets (₹153.4M) do not cover its short term liabilities (₹159.9M).
Long Term Liabilities: 531456's short term assets (₹153.4M) exceed its long term liabilities (₹79.9M).
Debt to Equity History and Analysis
Debt Level: 531456's net debt to equity ratio (820.2%) is considered high.
Reducing Debt: 531456's debt to equity ratio has increased from 138% to 820.4% 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: Whilst unprofitable 531456 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 531456 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.3% per year.