Mohit Industries Balance Sheet Health
Financial Health criteria checks 4/6
Mohit Industries has a total shareholder equity of ₹3.1B and total debt of ₹606.4M, which brings its debt-to-equity ratio to 19.3%. Its total assets and total liabilities are ₹3.8B and ₹641.2M respectively. Mohit Industries's EBIT is ₹2.5M making its interest coverage ratio 0.1. It has cash and short-term investments of ₹1.4M.
Key information
19.3%
Debt to equity ratio
₹606.44m
Debt
| Interest coverage ratio | 0.1x |
| Cash | ₹1.38m |
| Equity | ₹3.14b |
| Total liabilities | ₹641.23m |
| Total assets | ₹3.78b |
Recent financial health updates
Is Mohit Industries (NSE:MOHITIND) Using Debt Sensibly?
Jan 12
Mohit Industries (NSE:MOHITIND) Has No Shortage Of Debt
Sep 27Is Mohit Industries (NSE:MOHITIND) A Risky Investment?
Feb 18Recent updates
There Are Reasons To Feel Uneasy About Mohit Industries' (NSE:MOHITIND) Returns On Capital
Nov 06Mohit Industries Limited's (NSE:MOHITIND) Shares Bounce 44% But Its Business Still Trails The Industry
Jun 25Mohit Industries Limited (NSE:MOHITIND) Held Back By Insufficient Growth Even After Shares Climb 26%
Apr 13A Look At The Intrinsic Value Of Mohit Industries Limited (NSE:MOHITIND)
Feb 21Improved Revenues Required Before Mohit Industries Limited (NSE:MOHITIND) Stock's 28% Jump Looks Justified
Jan 16Is Mohit Industries (NSE:MOHITIND) Using Debt Sensibly?
Jan 12Mohit Industries (NSE:MOHITIND) Has No Shortage Of Debt
Sep 27Investors Could Be Concerned With Mohit Industries' (NSE:MOHITIND) Returns On Capital
Aug 09Returns On Capital Signal Tricky Times Ahead For Mohit Industries (NSE:MOHITIND)
Mar 30Returns On Capital At Mohit Industries (NSE:MOHITIND) Paint A Concerning Picture
Aug 05Is Mohit Industries (NSE:MOHITIND) A Risky Investment?
Feb 18Calculating The Intrinsic Value Of Mohit Industries Limited (NSE:MOHITIND)
Oct 25Madhu Saboo Just Bought 3.5% More Shares In Mohit Industries Limited (NSE:MOHITIND)
Feb 22Mohit Industries Limited (NSE:MOHITIND) Insiders Increased Their Holdings
Jan 02Trade Alert: The Executive Chairman & MD Of Mohit Industries Limited (NSE:MOHITIND), Narayan Saboo, Has Just Spent ₹226k Buying 11% More Shares
Sep 19
Financial Position Analysis
Short Term Liabilities: MOHITIND's short term assets (₹591.2M) exceed its short term liabilities (₹566.5M).
Long Term Liabilities: MOHITIND's short term assets (₹591.2M) exceed its long term liabilities (₹74.8M).
Debt to Equity History and Analysis
Debt Level: MOHITIND's net debt to equity ratio (19.3%) is considered satisfactory.
Reducing Debt: MOHITIND's debt to equity ratio has reduced from 166.1% to 19.3% over the past 5 years.
Debt Coverage: MOHITIND's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MOHITIND's interest payments on its debt are not well covered by EBIT (0.1x coverage).