Milgrey Finance and Investments Balance Sheet Health
Financial Health criteria checks 1/6
Milgrey Finance and Investments has a total shareholder equity of ₹344.4M and total debt of ₹280.6M, which brings its debt-to-equity ratio to 81.5%. Its total assets and total liabilities are ₹625.1M and ₹280.7M respectively. Milgrey Finance and Investments's EBIT is ₹823.9K making its interest coverage ratio 1.3. It has cash and short-term investments of ₹1.6M.
Key information
81.5%
Debt to equity ratio
₹280.55m
Debt
Interest coverage ratio | 1.3x |
Cash | ₹1.59m |
Equity | ₹344.41m |
Total liabilities | ₹280.67m |
Total assets | ₹625.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 511018's short term assets (₹625.1M) exceed its short term liabilities (₹280.7M).
Long Term Liabilities: 511018's short term assets (₹625.1M) do not cover its long term liabilities (₹-100.0).
Debt to Equity History and Analysis
Debt Level: 511018's net debt to equity ratio (81%) is considered high.
Reducing Debt: 511018's debt to equity ratio has increased from 6% to 81.5% over the past 5 years.
Debt Coverage: 511018's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 511018's interest payments on its debt are not well covered by EBIT (1.3x coverage).