Mangalam Global Enterprise Balance Sheet Health
Financial Health criteria checks 2/6
Mangalam Global Enterprise has a total shareholder equity of ₹1.4B and total debt of ₹2.0B, which brings its debt-to-equity ratio to 144.7%. Its total assets and total liabilities are ₹4.2B and ₹2.8B respectively. Mangalam Global Enterprise's EBIT is ₹324.4M making its interest coverage ratio 1.3. It has cash and short-term investments of ₹141.0M.
Key information
144.7%
Debt to equity ratio
₹2.01b
Debt
Interest coverage ratio | 1.3x |
Cash | ₹140.97m |
Equity | ₹1.39b |
Total liabilities | ₹2.81b |
Total assets | ₹4.20b |
Recent financial health updates
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 27Does Mangalam Global Enterprise (NSE:MGEL) Have A Healthy Balance Sheet?
Jul 02Recent updates
These 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 14Should 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 (₹3.5B) exceed its short term liabilities (₹2.4B).
Long Term Liabilities: MGEL's short term assets (₹3.5B) exceed its long term liabilities (₹399.1M).
Debt to Equity History and Analysis
Debt Level: MGEL's net debt to equity ratio (134.5%) is considered high.
Reducing Debt: MGEL's debt to equity ratio has increased from 78.4% to 144.7% over the past 5 years.
Debt Coverage: MGEL's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: MGEL's interest payments on its debt are not well covered by EBIT (1.3x coverage).