Mega Fin (India) Balance Sheet Health
Financial Health criteria checks 3/6
Mega Fin (India) has a total shareholder equity of ₹22.6M and total debt of ₹1.1M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are ₹25.0M and ₹2.4M respectively. Mega Fin (India)'s EBIT is ₹1.9M making its interest coverage ratio 321.2. It has cash and short-term investments of ₹50.0K.
Key information
4.8%
Debt to equity ratio
₹1.08m
Debt
Interest coverage ratio | 321.2x |
Cash | ₹50.00k |
Equity | ₹22.56m |
Total liabilities | ₹2.44m |
Total assets | ₹25.00m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 532105's short term assets (₹25.0M) exceed its short term liabilities (₹2.4M).
Long Term Liabilities: 532105's short term assets (₹25.0M) do not cover its long term liabilities (₹-1,000.0).
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 increased from 0.2% to 4.8% over the past 5 years.
Debt Coverage: 532105's debt is not well covered by operating cash flow (0%).
Interest Coverage: 532105's interest payments on its debt are well covered by EBIT (321.2x coverage).