Manomay Tex India Balance Sheet Health
Financial Health criteria checks 2/6
Manomay Tex India has a total shareholder equity of ₹1.4B and total debt of ₹3.0B, which brings its debt-to-equity ratio to 216%. Its total assets and total liabilities are ₹5.9B and ₹4.5B respectively. Manomay Tex India's EBIT is ₹486.9M making its interest coverage ratio 2. It has cash and short-term investments of ₹10.1M.
Key information
216.0%
Debt to equity ratio
₹3.00b
Debt
| Interest coverage ratio | 2x |
| Cash | ₹10.08m |
| Equity | ₹1.39b |
| Total liabilities | ₹4.54b |
| Total assets | ₹5.93b |
Recent financial health updates
No updates
Recent updates
Do Manomay Tex India's (NSE:MANOMAY) Earnings Warrant Your Attention?
Oct 27
Market Cool On Manomay Tex India Limited's (NSE:MANOMAY) Earnings Pushing Shares 25% Lower
Sep 11Returns On Capital Signal Tricky Times Ahead For Manomay Tex India (NSE:MANOMAY)
Sep 01Not Many Are Piling Into Manomay Tex India Limited (NSE:MANOMAY) Just Yet
Jul 17Manomay Tex India's (NSE:MANOMAY) Profits May Not Reveal Underlying Issues
May 27Return Trends At Manomay Tex India (NSE:MANOMAY) Aren't Appealing
Apr 23Manomay Tex India Limited (NSE:MANOMAY) Surges 26% Yet Its Low P/E Is No Reason For Excitement
Dec 19Little Excitement Around Manomay Tex India Limited's (NSE:MANOMAY) Earnings As Shares Take 25% Pounding
Mar 14Financial Position Analysis
Short Term Liabilities: MANOMAY's short term assets (₹3.6B) exceed its short term liabilities (₹2.6B).
Long Term Liabilities: MANOMAY's short term assets (₹3.6B) exceed its long term liabilities (₹1.9B).
Debt to Equity History and Analysis
Debt Level: MANOMAY's net debt to equity ratio (215.3%) is considered high.
Reducing Debt: MANOMAY's debt to equity ratio has increased from 184.7% to 216% over the past 5 years.
Debt Coverage: MANOMAY's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: MANOMAY's interest payments on its debt are not well covered by EBIT (2x coverage).