Manorama Industries Balance Sheet Health
Financial Health criteria checks 2/6
Manorama Industries has a total shareholder equity of ₹3.4B and total debt of ₹3.5B, which brings its debt-to-equity ratio to 102.8%. Its total assets and total liabilities are ₹7.4B and ₹4.0B respectively. Manorama Industries's EBIT is ₹669.0M making its interest coverage ratio 2.6. It has cash and short-term investments of ₹875.4M.
Key information
102.8%
Debt to equity ratio
₹3.46b
Debt
| Interest coverage ratio | 2.6x |
| Cash | ₹875.40m |
| Equity | ₹3.37b |
| Total liabilities | ₹4.00b |
| Total assets | ₹7.37b |
Recent financial health updates
No updates
Recent updates
Market Participants Recognise Manorama Industries Limited's (NSE:MANORAMA) Revenues Pushing Shares 27% Higher
Aug 19
Is Now The Time To Put Manorama Industries (NSE:MANORAMA) On Your Watchlist?
Jul 27Investors Appear Satisfied With Manorama Industries Limited's (NSE:MANORAMA) Prospects As Shares Rocket 25%
Jun 15Manorama Industries' (NSE:MANORAMA) Solid Earnings May Rest On Weak Foundations
May 21Some Investors May Be Worried About Manorama Industries' (NSE:MANORAMA) Returns On Capital
May 10Manorama Industries Limited's (NSE:MANORAMA) P/E Is Still On The Mark Following 31% Share Price Bounce
Apr 12Does Manorama Industries (NSE:MANORAMA) Deserve A Spot On Your Watchlist?
Apr 03Here's Why We Think Manorama Industries (NSE:MANORAMA) Is Well Worth Watching
Oct 10Manorama Industries Limited's (NSE:MANORAMA) Shareholders Might Be Looking For Exit
Feb 07Manorama Industries' (NSE:MANORAMA) Solid Earnings May Rest On Weak Foundations
Nov 19Financial Position Analysis
Short Term Liabilities: MANORAMA's short term assets (₹5.6B) exceed its short term liabilities (₹3.4B).
Long Term Liabilities: MANORAMA's short term assets (₹5.6B) exceed its long term liabilities (₹567.6M).
Debt to Equity History and Analysis
Debt Level: MANORAMA's net debt to equity ratio (76.8%) is considered high.
Reducing Debt: MANORAMA's debt to equity ratio has increased from 78.5% to 102.8% over the past 5 years.
Debt Coverage: MANORAMA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MANORAMA's interest payments on its debt are not well covered by EBIT (2.6x coverage).