Mangalam Alloys Balance Sheet Health
Financial Health criteria checks 3/6
Mangalam Alloys has a total shareholder equity of ₹1.3B and total debt of ₹1.4B, which brings its debt-to-equity ratio to 106%. Its total assets and total liabilities are ₹3.9B and ₹2.6B respectively. Mangalam Alloys's EBIT is ₹360.9M making its interest coverage ratio 2. It has cash and short-term investments of ₹253.0M.
Key information
106.0%
Debt to equity ratio
₹1.42b
Debt
Interest coverage ratio | 2x |
Cash | ₹253.05m |
Equity | ₹1.34b |
Total liabilities | ₹2.57b |
Total assets | ₹3.91b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: MAL's short term assets (₹3.1B) exceed its short term liabilities (₹1.9B).
Long Term Liabilities: MAL's short term assets (₹3.1B) exceed its long term liabilities (₹666.1M).
Debt to Equity History and Analysis
Debt Level: MAL's net debt to equity ratio (87.1%) is considered high.
Reducing Debt: MAL's debt to equity ratio has reduced from 234.9% to 106% over the past 5 years.
Debt Coverage: MAL's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: MAL's interest payments on its debt are not well covered by EBIT (2x coverage).