Mega Fin (India) Balance Sheet Health
Financial Health criteria checks 5/6
Mega Fin (India) has a total shareholder equity of ₹22.4M and total debt of ₹1.1M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are ₹24.8M and ₹2.4M respectively. Mega Fin (India)'s EBIT is ₹2.5M making its interest coverage ratio 29. It has cash and short-term investments of ₹50.0K.
Key information
4.8%
Debt to equity ratio
₹1.08m
Debt
| Interest coverage ratio | 29x |
| Cash | ₹50.00k |
| Equity | ₹22.43m |
| Total liabilities | ₹2.37m |
| Total assets | ₹24.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532105's short term assets (₹24.8M) exceed its short term liabilities (₹2.4M).
Long Term Liabilities: 532105 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 532105's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: 532105's debt to equity ratio has reduced from 13% to 4.8% over the past 5 years.
Debt Coverage: 532105's debt is not well covered by operating cash flow (0.01%).
Interest Coverage: 532105's interest payments on its debt are well covered by EBIT (29x coverage).