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
Is Manaksia Aluminium (NSE:MANAKALUCO) A Risky Investment?
Jan 12
Manaksia Aluminium (NSE:MANAKALUCO) Has A Somewhat Strained Balance Sheet
Feb 14Manaksia Aluminium (NSE:MANAKALUCO) Has A Somewhat Strained Balance Sheet
Aug 13Manaksia Aluminium (NSE:MANAKALUCO) Use Of Debt Could Be Considered Risky
Dec 06Recent updates
Manaksia Aluminium Company Limited (NSE:MANAKALUCO) Not Doing Enough For Some Investors As Its Shares Slump 28%
Mar 07Returns On Capital Are Showing Encouraging Signs At Manaksia Aluminium (NSE:MANAKALUCO)
Feb 13There's Reason For Concern Over Manaksia Aluminium Company Limited's (NSE:MANAKALUCO) Massive 26% Price Jump
Jan 16Is Manaksia Aluminium (NSE:MANAKALUCO) A Risky Investment?
Jan 12Returns Are Gaining Momentum At Manaksia Aluminium (NSE:MANAKALUCO)
Oct 02Do Manaksia Aluminium's (NSE:MANAKALUCO) Earnings Warrant Your Attention?
Jul 14Manaksia Aluminium (NSE:MANAKALUCO) Is Doing The Right Things To Multiply Its Share Price
Mar 01Here's Why We Think Manaksia Aluminium (NSE:MANAKALUCO) Is Well Worth Watching
Jan 31Manaksia Aluminium (NSE:MANAKALUCO) Has A Somewhat Strained Balance Sheet
Feb 14Manaksia Aluminium (NSE:MANAKALUCO) Is Experiencing Growth In Returns On Capital
Nov 12Manaksia Aluminium (NSE:MANAKALUCO) Has A Somewhat Strained Balance Sheet
Aug 13Manaksia Aluminium (NSE:MANAKALUCO) Is Doing The Right Things To Multiply Its Share Price
May 30Is There More Growth In Store For Manaksia Aluminium's (NSE:MANAKALUCO) Returns On Capital?
Feb 14How Should Investors React To Manaksia Aluminium's (NSE:MANAKALUCO) CEO Pay?
Jan 10Manaksia Aluminium (NSE:MANAKALUCO) Use Of Debt Could Be Considered Risky
Dec 06What We Make Of Manaksia Aluminium's (NSE:MANAKALUCO) Returns On Capital
Nov 01
Does Manaksia Aluminium's (NSE:MANAKALUCO) CEO Salary Compare Well With Industry Peers?
Sep 03What Do The Returns At Manaksia Aluminium (NSE:MANAKALUCO) Mean Going Forward?
Aug 03Investors Continue Waiting On Sidelines For Manaksia Aluminium Company Limited (NSE:MANAKALUCO)
Jul 07Financial Position Analysis
Short Term Liabilities: MANAKALUCO's short term assets (₹3.0B) exceed its short term liabilities (₹2.4B).
Long Term Liabilities: MANAKALUCO's short term assets (₹3.0B) exceed its long term liabilities (₹498.8M).
Debt to Equity History and Analysis
Debt Level: MANAKALUCO's net debt to equity ratio (106.4%) is considered high.
Reducing Debt: MANAKALUCO's debt to equity ratio has increased from 44.8% to 119.7% over the past 5 years.
Debt Coverage: MANAKALUCO's debt is not well covered by operating cash flow (12.9%).
Interest Coverage: MANAKALUCO's interest payments on its debt are not well covered by EBIT (1.6x coverage).