Mangalam Global Enterprise Balance Sheet Health
Financial Health criteria checks 2/6
Mangalam Global Enterprise has a total shareholder equity of ₹1.9B and total debt of ₹2.1B, which brings its debt-to-equity ratio to 108.8%. Its total assets and total liabilities are ₹5.1B and ₹3.1B respectively. Mangalam Global Enterprise's EBIT is ₹449.6M making its interest coverage ratio 2.5. It has cash and short-term investments of ₹148.0M.
Key information
108.8%
Debt to equity ratio
₹2.08b
Debt
| Interest coverage ratio | 2.5x |
| Cash | ₹148.03m |
| Equity | ₹1.91b |
| Total liabilities | ₹3.14b |
| Total assets | ₹5.05b |
Recent financial health updates
Mangalam Global Enterprise (NSE:MGEL) Has A Somewhat Strained Balance Sheet
Jul 05
These 4 Measures Indicate That Mangalam Global Enterprise (NSE:MGEL) Is Using Debt Extensively
Mar 14Mangalam Global Enterprise (NSE:MGEL) Takes On Some Risk With Its Use Of Debt
Dec 13These 4 Measures Indicate That Mangalam Global Enterprise (NSE:MGEL) Is Using Debt Extensively
May 19Mangalam Global Enterprise (NSE:MGEL) Is Making Moderate Use Of Debt
Dec 28Does Mangalam Global Enterprise (NSE:MGEL) Have A Healthy Balance Sheet?
Jun 27Recent updates
Returns Are Gaining Momentum At Mangalam Global Enterprise (NSE:MGEL)
Oct 15Market Might Still Lack Some Conviction On Mangalam Global Enterprise Limited (NSE:MGEL) Even After 47% Share Price Boost
Jul 12Mangalam Global Enterprise (NSE:MGEL) Has A Somewhat Strained Balance Sheet
Jul 05These 4 Measures Indicate That Mangalam Global Enterprise (NSE:MGEL) Is Using Debt Extensively
Mar 14Mangalam Global Enterprise Limited's (NSE:MGEL) Shares Leap 25% Yet They're Still Not Telling The Full Story
Jan 29Mangalam Global Enterprise (NSE:MGEL) Takes On Some Risk With Its Use Of Debt
Dec 13Mangalam Global Enterprise (NSE:MGEL) Might Become A Compounding Machine
Nov 04With EPS Growth And More, Mangalam Global Enterprise (NSE:MGEL) Makes An Interesting Case
Oct 06These 4 Measures Indicate That Mangalam Global Enterprise (NSE:MGEL) Is Using Debt Extensively
May 19Mangalam Global Enterprise (NSE:MGEL) Is Doing The Right Things To Multiply Its Share Price
Apr 19Here's Why We Think Mangalam Global Enterprise (NSE:MGEL) Might Deserve Your Attention Today
Feb 11Mangalam Global Enterprise (NSE:MGEL) Is Making Moderate Use Of Debt
Dec 28Does Mangalam Global Enterprise (NSE:MGEL) Have A Healthy Balance Sheet?
Jun 27Investors Will Want Mangalam Global Enterprise's (NSE:MGEL) Growth In ROCE To Persist
Jun 02Here's What's Concerning About Mangalam Global Enterprise's (NSE:MGEL) Returns On Capital
Jan 11Does Mangalam Global Enterprise (NSE:MGEL) Have A Healthy Balance Sheet?
Jul 02Mangalam Global Enterprise's (NSE:MGEL) Returns On Capital Are Heading Higher
Jun 06Mangalam Global Enterprise Limited's (NSE:MGEL) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?
Apr 15Is Mangalam Global Enterprise (NSE:MGEL) A Future Multi-bagger?
Mar 08We Think Mangalam Global Enterprise (NSE:MGEL) Is Taking Some Risk With Its Debt
Feb 14
Should Mangalam Global Enterprise Limited (NSE:MGEL) Focus On Improving This Fundamental Metric?
Jan 24Why Dividend Hunters Love Mangalam Global Enterprise Limited (NSE:MGEL)
Jan 02Insider Buying: Pritu Gupta Just Spent ₹13m On Mangalam Global Enterprise Limited (NSE:MGEL) Shares
Dec 12What Do The Returns At Mangalam Global Enterprise (NSE:MGEL) Mean Going Forward?
Dec 07Financial Position Analysis
Short Term Liabilities: MGEL's short term assets (₹4.4B) exceed its short term liabilities (₹3.0B).
Long Term Liabilities: MGEL's short term assets (₹4.4B) exceed its long term liabilities (₹169.6M).
Debt to Equity History and Analysis
Debt Level: MGEL's net debt to equity ratio (101.1%) is considered high.
Reducing Debt: MGEL's debt to equity ratio has increased from 86.9% to 108.8% over the past 5 years.
Debt Coverage: MGEL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MGEL's interest payments on its debt are not well covered by EBIT (2.5x coverage).