Manomay Tex India Balance Sheet Health
Financial Health criteria checks 2/6
Manomay Tex India has a total shareholder equity of ₹1.3B and total debt of ₹3.0B, which brings its debt-to-equity ratio to 232.5%. Its total assets and total liabilities are ₹5.8B and ₹4.5B respectively. Manomay Tex India's EBIT is ₹337.3M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹207.2M.
Key information
232.5%
Debt to equity ratio
₹3.00b
Debt
Interest coverage ratio | 1.9x |
Cash | ₹207.19m |
Equity | ₹1.29b |
Total liabilities | ₹4.55b |
Total assets | ₹5.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540396's short term assets (₹3.6B) exceed its short term liabilities (₹2.6B).
Long Term Liabilities: 540396's short term assets (₹3.6B) exceed its long term liabilities (₹2.0B).
Debt to Equity History and Analysis
Debt Level: 540396's net debt to equity ratio (216.4%) is considered high.
Reducing Debt: 540396's debt to equity ratio has increased from 209.4% to 232.5% over the past 5 years.
Debt Coverage: 540396's debt is not well covered by operating cash flow (4.3%).
Interest Coverage: 540396's interest payments on its debt are not well covered by EBIT (1.9x coverage).