Modern Dairies Balance Sheet Health
Financial Health criteria checks 2/6
Modern Dairies has a total shareholder equity of ₹-617.2M and total debt of ₹757.7M, which brings its debt-to-equity ratio to -122.8%. Its total assets and total liabilities are ₹897.8M and ₹1.5B respectively. Modern Dairies's EBIT is ₹198.0M making its interest coverage ratio 6.5. It has cash and short-term investments of ₹15.5M.
Key information
-122.8%
Debt to equity ratio
₹757.73m
Debt
| Interest coverage ratio | 6.5x |
| Cash | ₹15.49m |
| Equity | -₹617.18m |
| Total liabilities | ₹1.51b |
| Total assets | ₹897.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 519287 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 519287 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 519287 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 519287's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 519287's debt is well covered by operating cash flow (62.6%).
Interest Coverage: 519287's interest payments on its debt are well covered by EBIT (6.5x coverage).