Mangal Credit and Fincorp Balance Sheet Health
Financial Health criteria checks 2/6
Mangal Credit and Fincorp has a total shareholder equity of ₹1.3B and total debt of ₹1.7B, which brings its debt-to-equity ratio to 127.2%. Its total assets and total liabilities are ₹3.2B and ₹1.8B respectively. Mangal Credit and Fincorp's EBIT is ₹304.1M making its interest coverage ratio 2.4. It has cash and short-term investments of ₹298.0M.
Key information
127.2%
Debt to equity ratio
₹1.71b
Debt
| Interest coverage ratio | 2.4x |
| Cash | ₹298.01m |
| Equity | ₹1.34b |
| Total liabilities | ₹1.82b |
| Total assets | ₹3.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MANCREDIT's short term assets (₹2.9B) exceed its short term liabilities (₹1.8B).
Long Term Liabilities: MANCREDIT's short term assets (₹2.9B) exceed its long term liabilities (₹17.5M).
Debt to Equity History and Analysis
Debt Level: MANCREDIT's net debt to equity ratio (105%) is considered high.
Reducing Debt: MANCREDIT's debt to equity ratio has increased from 51.2% to 127.2% over the past 5 years.
Debt Coverage: MANCREDIT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MANCREDIT's interest payments on its debt are not well covered by EBIT (2.4x coverage).