Mishra Dhatu Nigam Balance Sheet Health
Financial Health criteria checks 4/6
Mishra Dhatu Nigam has a total shareholder equity of ₹13.2B and total debt of ₹5.0B, which brings its debt-to-equity ratio to 37.8%. Its total assets and total liabilities are ₹31.1B and ₹17.9B respectively. Mishra Dhatu Nigam's EBIT is ₹1.7B making its interest coverage ratio 6. It has cash and short-term investments of ₹6.7M.
Key information
37.8%
Debt to equity ratio
₹4.98b
Debt
| Interest coverage ratio | 6x |
| Cash | ₹6.68m |
| Equity | ₹13.19b |
| Total liabilities | ₹17.90b |
| Total assets | ₹31.09b |
Recent financial health updates
Is Mishra Dhatu Nigam (NSE:MIDHANI) Using Too Much Debt?
Mar 01
Here's Why Mishra Dhatu Nigam (NSE:MIDHANI) Has A Meaningful Debt Burden
Nov 10Is Mishra Dhatu Nigam (NSE:MIDHANI) A Risky Investment?
Jun 07Mishra Dhatu Nigam (NSE:MIDHANI) Has A Somewhat Strained Balance Sheet
Aug 20These 4 Measures Indicate That Mishra Dhatu Nigam (NSE:MIDHANI) Is Using Debt Extensively
Feb 15
Recent updates
Mishra Dhatu Nigam Limited's (NSE:MIDHANI) Share Price Not Quite Adding Up
Apr 25Mishra Dhatu Nigam's (NSE:MIDHANI) Shareholders Will Receive A Smaller Dividend Than Last Year
Mar 17Is Mishra Dhatu Nigam (NSE:MIDHANI) Using Too Much Debt?
Mar 01Mishra Dhatu Nigam (NSE:MIDHANI) Will Be Hoping To Turn Its Returns On Capital Around
Jan 18Here's Why Mishra Dhatu Nigam (NSE:MIDHANI) Has A Meaningful Debt Burden
Nov 10Mishra Dhatu Nigam (NSE:MIDHANI) Is Increasing Its Dividend To ₹1.67
Sep 10Is Mishra Dhatu Nigam (NSE:MIDHANI) A Risky Investment?
Jun 07Mishra Dhatu Nigam (NSE:MIDHANI) Will Be Hoping To Turn Its Returns On Capital Around
May 17Mishra Dhatu Nigam's (NSE:MIDHANI) Upcoming Dividend Will Be Larger Than Last Year's
Mar 18Returns On Capital At Mishra Dhatu Nigam (NSE:MIDHANI) Paint A Concerning Picture
Nov 08Mishra Dhatu Nigam's (NSE:MIDHANI) Dividend Will Be Reduced To ₹1.54
Sep 16Mishra Dhatu Nigam (NSE:MIDHANI) Has Announced That Its Dividend Will Be Reduced To ₹1.54
Sep 02Mishra Dhatu Nigam (NSE:MIDHANI) Has A Somewhat Strained Balance Sheet
Aug 20Here's What's Concerning About Mishra Dhatu Nigam's (NSE:MIDHANI) Returns On Capital
Apr 08Mishra Dhatu Nigam's (NSE:MIDHANI) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 16Mishra Dhatu Nigam (NSE:MIDHANI) Has Announced That It Will Be Increasing Its Dividend To ₹1.58
Sep 08Mishra Dhatu Nigam (NSE:MIDHANI) Is Reinvesting At Lower Rates Of Return
Apr 12Is Mishra Dhatu Nigam Limited (NSE:MIDHANI) A Smart Choice For Dividend Investors?
Mar 05These 4 Measures Indicate That Mishra Dhatu Nigam (NSE:MIDHANI) Is Using Debt Extensively
Feb 15Introducing Mishra Dhatu Nigam (NSE:MIDHANI), A Stock That Climbed 11% In The Last Year
Jan 25Here's What To Make Of Mishra Dhatu Nigam's (NSE:MIDHANI) Returns On Capital
Jan 07Do Its Financials Have Any Role To Play In Driving Mishra Dhatu Nigam Limited's (NSE:MIDHANI) Stock Up Recently?
Dec 21We're Not Counting On Mishra Dhatu Nigam (NSE:MIDHANI) To Sustain Its Statutory Profitability
Dec 03Should You Rely On Mishra Dhatu Nigam's (NSE:MIDHANI) Earnings Growth?
Jul 02Financial Position Analysis
Short Term Liabilities: MIDHANI's short term assets (₹19.8B) exceed its short term liabilities (₹9.8B).
Long Term Liabilities: MIDHANI's short term assets (₹19.8B) exceed its long term liabilities (₹8.1B).
Debt to Equity History and Analysis
Debt Level: MIDHANI's net debt to equity ratio (37.7%) is considered satisfactory.
Reducing Debt: MIDHANI's debt to equity ratio has increased from 0.7% to 37.8% over the past 5 years.
Debt Coverage: MIDHANI's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: MIDHANI's interest payments on its debt are well covered by EBIT (6x coverage).