MIRC Electronics Balance Sheet Health
Financial Health criteria checks 4/6
MIRC Electronics has a total shareholder equity of ₹1.3B and total debt of ₹1.1B, which brings its debt-to-equity ratio to 86.8%. Its total assets and total liabilities are ₹5.5B and ₹4.2B respectively.
Key information
86.8%
Debt to equity ratio
₹1.13b
Debt
| Interest coverage ratio | n/a |
| Cash | ₹115.40m |
| Equity | ₹1.31b |
| Total liabilities | ₹4.22b |
| Total assets | ₹5.53b |
Recent financial health updates
MIRC Electronics (NSE:MIRCELECTR) Is Making Moderate Use Of Debt
Jun 12
MIRC Electronics (NSE:MIRCELECTR) Is Making Moderate Use Of Debt
Dec 08MIRC Electronics (NSE:MIRCELECTR) Is Making Moderate Use Of Debt
Jul 05Is MIRC Electronics (NSE:MIRCELECTR) A Risky Investment?
Dec 16MIRC Electronics (NSE:MIRCELECTR) Has A Somewhat Strained Balance Sheet
May 29MIRC Electronics (NSE:MIRCELECTR) Takes On Some Risk With Its Use Of Debt
Feb 12Recent updates
Benign Growth For MIRC Electronics Limited (NSE:MIRCELECTR) Underpins Its Share Price
Dec 10MIRC Electronics Limited (NSE:MIRCELECTR) Surges 30% Yet Its Low P/S Is No Reason For Excitement
Aug 21MIRC Electronics (NSE:MIRCELECTR) Is Making Moderate Use Of Debt
Jun 12MIRC Electronics Limited (NSE:MIRCELECTR) Held Back By Insufficient Growth Even After Shares Climb 33%
Apr 30Why Investors Shouldn't Be Surprised By MIRC Electronics Limited's (NSE:MIRCELECTR) 29% Share Price Plunge
Mar 16MIRC Electronics Limited (NSE:MIRCELECTR) Shares Fly 32% But Investors Aren't Buying For Growth
Jan 30MIRC Electronics (NSE:MIRCELECTR) Is Making Moderate Use Of Debt
Dec 08MIRC Electronics (NSE:MIRCELECTR) Is Making Moderate Use Of Debt
Jul 05These Return Metrics Don't Make MIRC Electronics (NSE:MIRCELECTR) Look Too Strong
Mar 30A Look At The Intrinsic Value Of MIRC Electronics Limited (NSE:MIRCELECTR)
Jan 26Is MIRC Electronics (NSE:MIRCELECTR) A Risky Investment?
Dec 16MIRC Electronics (NSE:MIRCELECTR) Will Be Hoping To Turn Its Returns On Capital Around
Oct 29MIRC Electronics' (NSE:MIRCELECTR) Returns On Capital Not Reflecting Well On The Business
Jul 21MIRC Electronics (NSE:MIRCELECTR) Has A Somewhat Strained Balance Sheet
May 29MIRC Electronics (NSE:MIRCELECTR) Takes On Some Risk With Its Use Of Debt
Feb 12MIRC Electronics' (NSE:MIRCELECTR) Solid Profits Have Weak Fundamentals
Nov 17We Like These Underlying Return On Capital Trends At MIRC Electronics (NSE:MIRCELECTR)
Oct 20Is MIRC Electronics (NSE:MIRCELECTR) A Risky Investment?
Jul 01Key Things To Understand About MIRC Electronics' (NSE:MIRCELECTR) CEO Pay Cheque
Feb 14Is MIRC Electronics (NSE:MIRCELECTR) Using Too Much Debt?
Dec 26MIRC Electronics Limited (NSE:MIRCELECTR) Insiders Increased Their Holdings
Nov 21What We Learned About MIRC Electronics' (NSE:MIRCELECTR) CEO Pay
Sep 29Health Check: How Prudently Does MIRC Electronics (NSE:MIRCELECTR) Use Debt?
Aug 24Financial Position Analysis
Short Term Liabilities: MIRCELECTR's short term assets (₹4.4B) exceed its short term liabilities (₹3.9B).
Long Term Liabilities: MIRCELECTR's short term assets (₹4.4B) exceed its long term liabilities (₹324.2M).
Debt to Equity History and Analysis
Debt Level: MIRCELECTR's net debt to equity ratio (78%) is considered high.
Reducing Debt: MIRCELECTR's debt to equity ratio has increased from 39% to 86.8% 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 MIRCELECTR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MIRCELECTR is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.3% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/04 06:23 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MIRC Electronics Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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