Magson Retail and Distribution Balance Sheet Health
Financial Health criteria checks 4/6
Magson Retail and Distribution has a total shareholder equity of ₹246.1M and total debt of ₹3.1M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are ₹296.4M and ₹50.3M respectively. Magson Retail and Distribution's EBIT is ₹28.7M making its interest coverage ratio -11.9. It has cash and short-term investments of ₹36.7M.
Key information
1.2%
Debt to equity ratio
₹3.07m
Debt
| Interest coverage ratio | -11.9x |
| Cash | ₹36.75m |
| Equity | ₹246.14m |
| Total liabilities | ₹50.29m |
| Total assets | ₹296.43m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAGSON's short term assets (₹171.8M) exceed its short term liabilities (₹44.1M).
Long Term Liabilities: MAGSON's short term assets (₹171.8M) exceed its long term liabilities (₹6.2M).
Debt to Equity History and Analysis
Debt Level: MAGSON has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MAGSON's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MAGSON's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MAGSON earns more interest than it pays, so coverage of interest payments is not a concern.