Mega Balance Sheet Health
Financial Health criteria checks 2/6
Mega has a total shareholder equity of ₹245.3M and total debt of ₹468.4M, which brings its debt-to-equity ratio to 191%. Its total assets and total liabilities are ₹747.9M and ₹502.6M respectively. Mega's EBIT is ₹34.8M making its interest coverage ratio 1. It has cash and short-term investments of ₹21.8M.
Key information
191.0%
Debt to equity ratio
₹468.41m
Debt
| Interest coverage ratio | 1x |
| Cash | ₹21.79m |
| Equity | ₹245.28m |
| Total liabilities | ₹502.59m |
| Total assets | ₹747.88m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531417's short term assets (₹619.2M) exceed its short term liabilities (₹469.9M).
Long Term Liabilities: 531417's short term assets (₹619.2M) exceed its long term liabilities (₹32.7M).
Debt to Equity History and Analysis
Debt Level: 531417's net debt to equity ratio (182.1%) is considered high.
Reducing Debt: 531417's debt to equity ratio has increased from 40.7% to 191% over the past 5 years.
Debt Coverage: 531417's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531417's interest payments on its debt are not well covered by EBIT (1x coverage).