Mega Flex Plastics Balance Sheet Health
Financial Health criteria checks 4/6
Mega Flex Plastics has a total shareholder equity of ₹477.9M and total debt of ₹5.6M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are ₹512.1M and ₹34.2M respectively.
Key information
1.2%
Debt to equity ratio
₹5.59m
Debt
| Interest coverage ratio | n/a |
| Cash | ₹111.78m |
| Equity | ₹477.92m |
| Total liabilities | ₹34.16m |
| Total assets | ₹512.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEGAFLEX's short term assets (₹269.2M) exceed its short term liabilities (₹22.0M).
Long Term Liabilities: MEGAFLEX's short term assets (₹269.2M) exceed its long term liabilities (₹12.1M).
Debt to Equity History and Analysis
Debt Level: MEGAFLEX has more cash than its total debt.
Reducing Debt: MEGAFLEX's debt to equity ratio has reduced from 1.6% to 1.2% over the past 5 years.
Debt Coverage: MEGAFLEX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MEGAFLEX's interest payments on its debt are well covered by EBIT.