Manaksia Aluminium Balance Sheet Health
Financial Health criteria checks 2/6
Manaksia Aluminium has a total shareholder equity of ₹1.3B and total debt of ₹2.1B, which brings its debt-to-equity ratio to 161.9%. Its total assets and total liabilities are ₹4.7B and ₹3.4B respectively. Manaksia Aluminium's EBIT is ₹300.7M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹98.0M.
Key information
161.9%
Debt to equity ratio
₹2.13b
Debt
| Interest coverage ratio | 1.5x |
| Cash | ₹98.04m |
| Equity | ₹1.32b |
| Total liabilities | ₹3.38b |
| Total assets | ₹4.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539045's short term assets (₹3.3B) exceed its short term liabilities (₹2.7B).
Long Term Liabilities: 539045's short term assets (₹3.3B) exceed its long term liabilities (₹633.9M).
Debt to Equity History and Analysis
Debt Level: 539045's net debt to equity ratio (154.5%) is considered high.
Reducing Debt: 539045's debt to equity ratio has increased from 63.9% to 161.9% over the past 5 years.
Debt Coverage: 539045's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 539045's interest payments on its debt are not well covered by EBIT (1.5x coverage).