Mega Flex Plastics Balance Sheet Health
Financial Health criteria checks 6/6
Mega Flex Plastics has a total shareholder equity of ₹462.0M and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹478.2M and ₹16.2M respectively. Mega Flex Plastics's EBIT is ₹17.2M making its interest coverage ratio -4.3. It has cash and short-term investments of ₹169.5M.
Key information
0%
Debt to equity ratio
₹0
Debt
| Interest coverage ratio | -4.3x |
| Cash | ₹169.47m |
| Equity | ₹461.96m |
| Total liabilities | ₹16.23m |
| Total assets | ₹478.19m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MEGAFLEX's short term assets (₹253.2M) exceed its short term liabilities (₹14.2M).
Long Term Liabilities: MEGAFLEX's short term assets (₹253.2M) exceed its long term liabilities (₹2.1M).
Debt to Equity History and Analysis
Debt Level: MEGAFLEX is debt free.
Reducing Debt: MEGAFLEX has no debt compared to 5 years ago when its debt to equity ratio was 2.3%.
Debt Coverage: MEGAFLEX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MEGAFLEX has no debt, therefore coverage of interest payments is not a concern.