MCON Rasayan India Balance Sheet Health
Financial Health criteria checks 4/6
MCON Rasayan India has a total shareholder equity of ₹144.6M and total debt of ₹112.9M, which brings its debt-to-equity ratio to 78%. Its total assets and total liabilities are ₹345.7M and ₹201.1M respectively. MCON Rasayan India's EBIT is ₹27.8M making its interest coverage ratio 3.6. It has cash and short-term investments of ₹164.0K.
Key information
78.0%
Debt to equity ratio
₹112.86m
Debt
Interest coverage ratio | 3.6x |
Cash | ₹164.00k |
Equity | ₹144.62m |
Total liabilities | ₹201.10m |
Total assets | ₹345.72m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MCON's short term assets (₹221.6M) exceed its short term liabilities (₹152.8M).
Long Term Liabilities: MCON's short term assets (₹221.6M) exceed its long term liabilities (₹48.3M).
Debt to Equity History and Analysis
Debt Level: MCON's net debt to equity ratio (77.9%) is considered high.
Reducing Debt: MCON's debt to equity ratio has reduced from 781.6% to 78% over the past 5 years.
Debt Coverage: MCON's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MCON's interest payments on its debt are well covered by EBIT (3.6x coverage).