Mohite Industries Balance Sheet Health
Financial Health criteria checks 2/6
Mohite Industries has a total shareholder equity of ₹1.2B and total debt of ₹1.4B, which brings its debt-to-equity ratio to 111.2%. Its total assets and total liabilities are ₹2.8B and ₹1.5B respectively. Mohite Industries's EBIT is ₹178.4M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹29.5M.
Key information
111.2%
Debt to equity ratio
₹1.38b
Debt
| Interest coverage ratio | 1.5x |
| Cash | ₹29.50m |
| Equity | ₹1.24b |
| Total liabilities | ₹1.55b |
| Total assets | ₹2.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532140's short term assets (₹1.7B) exceed its short term liabilities (₹478.9M).
Long Term Liabilities: 532140's short term assets (₹1.7B) exceed its long term liabilities (₹1.1B).
Debt to Equity History and Analysis
Debt Level: 532140's net debt to equity ratio (108.9%) is considered high.
Reducing Debt: 532140's debt to equity ratio has increased from 101% to 111.2% over the past 5 years.
Debt Coverage: 532140's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 532140's interest payments on its debt are not well covered by EBIT (1.5x coverage).