Mangal Credit and Fincorp Balance Sheet Health
Financial Health criteria checks 2/6
Mangal Credit and Fincorp has a total shareholder equity of ₹1.1B and total debt of ₹851.2M, which brings its debt-to-equity ratio to 74.1%. Its total assets and total liabilities are ₹2.1B and ₹928.4M respectively. Mangal Credit and Fincorp's EBIT is ₹220.8M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹61.4M.
Key information
74.1%
Debt to equity ratio
₹851.18m
Debt
Interest coverage ratio | 2.8x |
Cash | ₹61.36m |
Equity | ₹1.15b |
Total liabilities | ₹928.43m |
Total assets | ₹2.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505850's short term assets (₹1.8B) exceed its short term liabilities (₹844.4M).
Long Term Liabilities: 505850's short term assets (₹1.8B) exceed its long term liabilities (₹84.1M).
Debt to Equity History and Analysis
Debt Level: 505850's net debt to equity ratio (68.8%) is considered high.
Reducing Debt: 505850's debt to equity ratio has increased from 71% to 74.1% over the past 5 years.
Debt Coverage: 505850's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 505850's interest payments on its debt are not well covered by EBIT (2.8x coverage).