Mahickra Chemicals Balance Sheet Health
Financial Health criteria checks 2/6
Mahickra Chemicals has a total shareholder equity of ₹333.3M and total debt of ₹134.4M, which brings its debt-to-equity ratio to 40.3%. Its total assets and total liabilities are ₹607.9M and ₹274.6M respectively. Mahickra Chemicals's EBIT is ₹26.7M making its interest coverage ratio 2.3. It has cash and short-term investments of ₹156.0K.
Key information
40.3%
Debt to equity ratio
₹134.43m
Debt
| Interest coverage ratio | 2.3x |
| Cash | ₹156.00k |
| Equity | ₹333.26m |
| Total liabilities | ₹274.64m |
| Total assets | ₹607.90m |
Recent financial health updates
Recent updates
Mahickra Chemicals Limited's (NSE:MAHICKRA) Share Price Not Quite Adding Up
Jul 02
There's Reason For Concern Over Mahickra Chemicals Limited's (NSE:MAHICKRA) Massive 29% Price Jump
Jan 30We Think Mahickra Chemicals (NSE:MAHICKRA) Is Taking Some Risk With Its Debt
Jan 19If You Like EPS Growth Then Check Out Mahickra Chemicals (NSE:MAHICKRA) Before It's Too Late
Jun 14If You Like EPS Growth Then Check Out Mahickra Chemicals (NSE:MAHICKRA) Before It's Too Late
Apr 04There's A Lot To Like About Mahickra Chemicals' (NSE:MAHICKRA) Upcoming ₹0.20 Dividend
Feb 27Insider Buying: The Mahickra Chemicals Limited (NSE:MAHICKRA) Chairman & MD Just Bought ₹121k Worth Of Shares
Feb 06
How Does Mahickra Chemicals Limited (NSE:MAHICKRA) Stand Up To These Simple Dividend Safety Checks?
Jan 31Should You Take Comfort From Insider Transactions At Mahickra Chemicals Limited (NSE:MAHICKRA)?
Jan 04Mahickra Chemicals Limited's (NSE:MAHICKRA) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Nov 29Financial Position Analysis
Short Term Liabilities: MAHICKRA's short term assets (₹543.3M) exceed its short term liabilities (₹267.3M).
Long Term Liabilities: MAHICKRA's short term assets (₹543.3M) exceed its long term liabilities (₹7.4M).
Debt to Equity History and Analysis
Debt Level: MAHICKRA's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: MAHICKRA's debt to equity ratio has increased from 31.9% to 40.3% over the past 5 years.
Debt Coverage: MAHICKRA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MAHICKRA's interest payments on its debt are not well covered by EBIT (2.3x coverage).