Minaxi Textiles Balance Sheet Health
Financial Health criteria checks 4/6
Minaxi Textiles has a total shareholder equity of ₹62.2M and total debt of ₹187.3M, which brings its debt-to-equity ratio to 301.1%. Its total assets and total liabilities are ₹351.3M and ₹289.1M respectively.
Key information
301.1%
Debt to equity ratio
₹187.29m
Debt
Interest coverage ratio | n/a |
Cash | ₹141.00k |
Equity | ₹62.20m |
Total liabilities | ₹289.11m |
Total assets | ₹351.31m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531456's short term assets (₹249.8M) exceed its short term liabilities (₹202.7M).
Long Term Liabilities: 531456's short term assets (₹249.8M) exceed its long term liabilities (₹86.4M).
Debt to Equity History and Analysis
Debt Level: 531456's net debt to equity ratio (300.9%) is considered high.
Reducing Debt: 531456's debt to equity ratio has increased from 151% to 301.1% 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 6.2% per year.