Manaksia Coated Metals & Industries Balance Sheet Health
Financial Health criteria checks 2/6
Manaksia Coated Metals & Industries has a total shareholder equity of ₹1.2B and total debt of ₹1.9B, which brings its debt-to-equity ratio to 158.6%. Its total assets and total liabilities are ₹5.4B and ₹4.2B respectively. Manaksia Coated Metals & Industries's EBIT is ₹307.5M making its interest coverage ratio 1.3. It has cash and short-term investments of ₹226.7M.
Key information
158.6%
Debt to equity ratio
₹1.92b
Debt
| Interest coverage ratio | 1.3x |
| Cash | ₹226.68m |
| Equity | ₹1.21b |
| Total liabilities | ₹4.19b |
| Total assets | ₹5.40b |
Recent financial health updates
Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Has A Somewhat Strained Balance Sheet
Mar 14
Is Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Using Too Much Debt?
Dec 13Does Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Have A Healthy Balance Sheet?
Mar 18Does Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Have A Healthy Balance Sheet?
Mar 30We Think Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Is Taking Some Risk With Its Debt
Dec 20These 4 Measures Indicate That Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Is Using Debt In A Risky Way
Mar 17Recent updates
Manaksia Coated Metals & Industries Limited (NSE:MANAKCOAT) Might Not Be As Mispriced As It Looks After Plunging 34%
Mar 23Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Has A Somewhat Strained Balance Sheet
Mar 14Here's Why We Think Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Might Deserve Your Attention Today
Feb 25Returns On Capital Are Showing Encouraging Signs At Manaksia Coated Metals & Industries (NSE:MANAKCOAT)
Jan 26Is Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Using Too Much Debt?
Dec 13Is Now The Time To Put Manaksia Coated Metals & Industries (NSE:MANAKCOAT) On Your Watchlist?
Aug 22Does Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Have A Healthy Balance Sheet?
Mar 18Investors Will Want Manaksia Coated Metals & Industries' (NSE:MANAKCOAT) Growth In ROCE To Persist
Dec 05We Ran A Stock Scan For Earnings Growth And Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Passed With Ease
Jun 20Does Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Have A Healthy Balance Sheet?
Mar 30Here's Why I Think Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Might Deserve Your Attention Today
Feb 15We Think Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Is Taking Some Risk With Its Debt
Dec 20Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Is Doing The Right Things To Multiply Its Share Price
Nov 09Does Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Deserve A Spot On Your Watchlist?
Sep 16Manaksia Coated Metals & Industries' (NSE:MANAKCOAT) Returns On Capital Are Heading Higher
Aug 10Returns At Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Are On The Way Up
May 09Does Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Deserve A Spot On Your Watchlist?
Apr 13These 4 Measures Indicate That Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Is Using Debt In A Risky Way
Mar 17Should Manaksia Coated Metals & Industries Limited (NSE:MANAKCOAT) Focus On Improving This Fundamental Metric?
Feb 24Is There More Growth In Store For Manaksia Coated Metals & Industries' (NSE:MANAKCOAT) Returns On Capital?
Jan 19Here's Why Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Is Weighed Down By Its Debt Load
Dec 15
Here's Why We Think Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Is Well Worth Watching
Nov 18Here's What We Learned About The CEO Pay At Manaksia Coated Metals & Industries Limited (NSE:MANAKCOAT)
Oct 15Is There More Growth In Store For Manaksia Coated Metals & Industries' (NSE:MANAKCOAT) Returns On Capital?
Sep 11Here's Why I Think Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Is An Interesting Stock
Aug 20Is Manaksia Coated Metals & Industries (NSE:MANAKCOAT) A Risky Investment?
Jul 17Financial Position Analysis
Short Term Liabilities: MANAKCOAT's short term assets (₹3.7B) exceed its short term liabilities (₹3.2B).
Long Term Liabilities: MANAKCOAT's short term assets (₹3.7B) exceed its long term liabilities (₹959.9M).
Debt to Equity History and Analysis
Debt Level: MANAKCOAT's net debt to equity ratio (140%) is considered high.
Reducing Debt: MANAKCOAT's debt to equity ratio has increased from 135.3% to 158.6% over the past 5 years.
Debt Coverage: MANAKCOAT's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: MANAKCOAT's interest payments on its debt are not well covered by EBIT (1.3x coverage).