Manorama Industries Balance Sheet Health
Financial Health criteria checks 3/6
Manorama Industries has a total shareholder equity of ₹3.2B and total debt of ₹2.5B, which brings its debt-to-equity ratio to 78.5%. Its total assets and total liabilities are ₹6.0B and ₹2.8B respectively. Manorama Industries's EBIT is ₹561.6M making its interest coverage ratio 5.1. It has cash and short-term investments of ₹874.3M.
Key information
78.5%
Debt to equity ratio
₹2.48b
Debt
Interest coverage ratio | 5.1x |
Cash | ₹874.28m |
Equity | ₹3.16b |
Total liabilities | ₹2.82b |
Total assets | ₹5.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 541974's short term assets (₹4.3B) exceed its short term liabilities (₹2.3B).
Long Term Liabilities: 541974's short term assets (₹4.3B) exceed its long term liabilities (₹535.0M).
Debt to Equity History and Analysis
Debt Level: 541974's net debt to equity ratio (50.9%) is considered high.
Reducing Debt: 541974's debt to equity ratio has increased from 27.1% to 78.5% over the past 5 years.
Debt Coverage: 541974's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 541974's interest payments on its debt are well covered by EBIT (5.1x coverage).