Mahan Industries Balance Sheet Health
Financial Health criteria checks 2/6
Mahan Industries has a total shareholder equity of ₹31.1M and total debt of ₹34.7M, which brings its debt-to-equity ratio to 111.4%. Its total assets and total liabilities are ₹69.5M and ₹38.4M respectively. Mahan Industries's EBIT is ₹735.0K making its interest coverage ratio 2.7. It has cash and short-term investments of ₹3.5M.
Key information
111.4%
Debt to equity ratio
₹34.67m
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹3.50m |
| Equity | ₹31.12m |
| Total liabilities | ₹38.42m |
| Total assets | ₹69.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531515's short term assets (₹67.9M) exceed its short term liabilities (₹3.8M).
Long Term Liabilities: 531515's short term assets (₹67.9M) exceed its long term liabilities (₹34.7M).
Debt to Equity History and Analysis
Debt Level: 531515's net debt to equity ratio (100.2%) is considered high.
Reducing Debt: 531515's debt to equity ratio has increased from 47.8% to 111.4% over the past 5 years.
Debt Coverage: 531515's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531515's interest payments on its debt are not well covered by EBIT (2.7x coverage).