Megastar Foods Balance Sheet Health
Financial Health criteria checks 4/6
Megastar Foods has a total shareholder equity of ₹921.3M and total debt of ₹568.5M, which brings its debt-to-equity ratio to 61.7%. Its total assets and total liabilities are ₹1.6B and ₹634.0M respectively. Megastar Foods's EBIT is ₹106.4M making its interest coverage ratio 2.4. It has cash and short-term investments of ₹18.4M.
Key information
61.7%
Debt to equity ratio
₹568.54m
Debt
Interest coverage ratio | 2.4x |
Cash | ₹18.43m |
Equity | ₹921.26m |
Total liabilities | ₹634.04m |
Total assets | ₹1.56b |
Recent financial health updates
No updates
Recent updates
Capital Allocation Trends At Megastar Foods (NSE:MEGASTAR) Aren't Ideal
Jun 12Estimating The Fair Value Of Megastar Foods Limited (NSE:MEGASTAR)
Apr 06Here's Why We Think Megastar Foods (NSE:MEGASTAR) Is Well Worth Watching
Mar 13Is Now The Time To Put Megastar Foods (NSE:MEGASTAR) On Your Watchlist?
May 18Megastar Foods Limited (NSE:MEGASTAR) Shares May Have Slumped 25% But Getting In Cheap Is Still Unlikely
Mar 26Financial Position Analysis
Short Term Liabilities: MEGASTAR's short term assets (₹488.5M) exceed its short term liabilities (₹219.6M).
Long Term Liabilities: MEGASTAR's short term assets (₹488.5M) exceed its long term liabilities (₹414.4M).
Debt to Equity History and Analysis
Debt Level: MEGASTAR's net debt to equity ratio (59.7%) is considered high.
Reducing Debt: MEGASTAR's debt to equity ratio has reduced from 157.2% to 61.7% over the past 5 years.
Debt Coverage: MEGASTAR's debt is well covered by operating cash flow (28.9%).
Interest Coverage: MEGASTAR's interest payments on its debt are not well covered by EBIT (2.4x coverage).