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 ₹1.5B, which brings its debt-to-equity ratio to 119.7%. Its total assets and total liabilities are ₹4.2B and ₹2.9B respectively. Manaksia Aluminium's EBIT is ₹249.2M making its interest coverage ratio 1.6. It has cash and short-term investments of ₹168.8M.
Key information
119.7%
Debt to equity ratio
₹1.52b
Debt
Interest coverage ratio | 1.6x |
Cash | ₹168.85m |
Equity | ₹1.27b |
Total liabilities | ₹2.90b |
Total assets | ₹4.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539045's short term assets (₹3.0B) exceed its short term liabilities (₹2.4B).
Long Term Liabilities: 539045's short term assets (₹3.0B) exceed its long term liabilities (₹498.8M).
Debt to Equity History and Analysis
Debt Level: 539045's net debt to equity ratio (106.4%) is considered high.
Reducing Debt: 539045's debt to equity ratio has increased from 44.8% to 119.7% over the past 5 years.
Debt Coverage: 539045's debt is not well covered by operating cash flow (12.9%).
Interest Coverage: 539045's interest payments on its debt are not well covered by EBIT (1.6x coverage).