Magna Electro Castings Balance Sheet Health
Financial Health criteria checks 6/6
Magna Electro Castings has a total shareholder equity of ₹1.0B and total debt of ₹1.3M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are ₹1.3B and ₹298.2M respectively. Magna Electro Castings's EBIT is ₹172.5M making its interest coverage ratio -17.2. It has cash and short-term investments of ₹204.7M.
Key information
0.1%
Debt to equity ratio
₹1.34m
Debt
Interest coverage ratio | -17.2x |
Cash | ₹204.69m |
Equity | ₹1.01b |
Total liabilities | ₹298.23m |
Total assets | ₹1.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 517449's short term assets (₹796.3M) exceed its short term liabilities (₹277.4M).
Long Term Liabilities: 517449's short term assets (₹796.3M) exceed its long term liabilities (₹20.8M).
Debt to Equity History and Analysis
Debt Level: 517449 has more cash than its total debt.
Reducing Debt: 517449's debt to equity ratio has reduced from 5% to 0.1% over the past 5 years.
Debt Coverage: 517449's debt is well covered by operating cash flow (10547%).
Interest Coverage: 517449 earns more interest than it pays, so coverage of interest payments is not a concern.