Medinova Diagnostic Services Balance Sheet Health
Financial Health criteria checks 2/6
Medinova Diagnostic Services has a total shareholder equity of ₹-31.2M and total debt of ₹50.0M, which brings its debt-to-equity ratio to -160%. Its total assets and total liabilities are ₹53.8M and ₹85.1M respectively. Medinova Diagnostic Services's EBIT is ₹26.5M making its interest coverage ratio 4.6. It has cash and short-term investments of ₹19.1M.
Key information
-160.0%
Debt to equity ratio
₹50.00m
Debt
Interest coverage ratio | 4.6x |
Cash | ₹19.15m |
Equity | -₹31.25m |
Total liabilities | ₹85.05m |
Total assets | ₹53.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526301 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 526301 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 526301 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 526301's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 526301's debt is well covered by operating cash flow (53.3%).
Interest Coverage: 526301's interest payments on its debt are well covered by EBIT (4.6x coverage).