Modern Dairies Balance Sheet Health
Financial Health criteria checks 2/6
Modern Dairies has a total shareholder equity of ₹-545.4M and total debt of ₹643.1M, which brings its debt-to-equity ratio to -117.9%. Its total assets and total liabilities are ₹888.2M and ₹1.4B respectively. Modern Dairies's EBIT is ₹203.5M making its interest coverage ratio 8.9. It has cash and short-term investments of ₹21.2M.
Key information
-117.9%
Debt to equity ratio
₹643.14m
Debt
| Interest coverage ratio | 8.9x |
| Cash | ₹21.19m |
| Equity | -₹545.42m |
| Total liabilities | ₹1.43b |
| Total assets | ₹888.23m |
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 (22.4%).
Interest Coverage: 519287's interest payments on its debt are well covered by EBIT (8.9x coverage).