MCON Rasayan India Balance Sheet Health
Financial Health criteria checks 4/6
MCON Rasayan India has a total shareholder equity of ₹156.6M and total debt of ₹159.6M, which brings its debt-to-equity ratio to 101.9%. Its total assets and total liabilities are ₹456.2M and ₹299.6M respectively. MCON Rasayan India's EBIT is ₹42.3M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹7.0M.
Key information
101.9%
Debt to equity ratio
₹159.56m
Debt
| Interest coverage ratio | 2.8x |
| Cash | ₹7.00m |
| Equity | ₹156.57m |
| Total liabilities | ₹299.61m |
| Total assets | ₹456.18m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: MCON's short term assets (₹299.1M) exceed its short term liabilities (₹244.7M).
Long Term Liabilities: MCON's short term assets (₹299.1M) exceed its long term liabilities (₹54.9M).
Debt to Equity History and Analysis
Debt Level: MCON's net debt to equity ratio (97.4%) is considered high.
Reducing Debt: MCON's debt to equity ratio has reduced from 453.8% to 101.9% over the past 5 years.
Debt Coverage: MCON's debt is well covered by operating cash flow (24.6%).
Interest Coverage: MCON's interest payments on its debt are not well covered by EBIT (2.8x coverage).