Mohite Industries Balance Sheet Health
Financial Health criteria checks 4/6
Mohite Industries has a total shareholder equity of ₹1.2B and total debt of ₹1.0B, which brings its debt-to-equity ratio to 89.2%. Its total assets and total liabilities are ₹2.4B and ₹1.2B respectively. Mohite Industries's EBIT is ₹195.1M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹69.0M.
Key information
89.2%
Debt to equity ratio
₹1.05b
Debt
Interest coverage ratio | 1.5x |
Cash | ₹69.05m |
Equity | ₹1.17b |
Total liabilities | ₹1.18b |
Total assets | ₹2.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532140's short term assets (₹1.5B) exceed its short term liabilities (₹453.1M).
Long Term Liabilities: 532140's short term assets (₹1.5B) exceed its long term liabilities (₹727.9M).
Debt to Equity History and Analysis
Debt Level: 532140's net debt to equity ratio (83.3%) is considered high.
Reducing Debt: 532140's debt to equity ratio has reduced from 97% to 89.2% over the past 5 years.
Debt Coverage: 532140's debt is well covered by operating cash flow (31.1%).
Interest Coverage: 532140's interest payments on its debt are not well covered by EBIT (1.5x coverage).