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 ₹1.4B, which brings its debt-to-equity ratio to 108.4%. Its total assets and total liabilities are ₹2.7B and ₹1.5B respectively. Mangal Credit and Fincorp's EBIT is ₹274.9M making its interest coverage ratio 2.5. It has cash and short-term investments of ₹155.0M.
Key information
108.4%
Debt to equity ratio
₹1.38b
Debt
| Interest coverage ratio | 2.5x |
| Cash | ₹155.04m |
| Equity | ₹1.27b |
| Total liabilities | ₹1.46b |
| Total assets | ₹2.74b |
Recent financial health updates
No updates
Recent updates
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Financial Position Analysis
Short Term Liabilities: MANCREDIT's short term assets (₹2.4B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: MANCREDIT's short term assets (₹2.4B) exceed its long term liabilities (₹37.3M).
Debt to Equity History and Analysis
Debt Level: MANCREDIT's net debt to equity ratio (96.2%) is considered high.
Reducing Debt: MANCREDIT's debt to equity ratio has increased from 72.1% to 108.4% 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 (2.5x coverage).