Music Broadcast Balance Sheet Health
Financial Health criteria checks 5/6
Music Broadcast has a total shareholder equity of ₹5.3B and total debt of ₹1.1B, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are ₹6.8B and ₹1.5B respectively. Music Broadcast's EBIT is ₹25.7M making its interest coverage ratio -0.3. It has cash and short-term investments of ₹741.1M.
Key information
20.0%
Debt to equity ratio
₹1.06b
Debt
| Interest coverage ratio | -0.3x |
| Cash | ₹741.08m |
| Equity | ₹5.32b |
| Total liabilities | ₹1.49b |
| Total assets | ₹6.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 717504's short term assets (₹1.8B) exceed its short term liabilities (₹436.7M).
Long Term Liabilities: 717504's short term assets (₹1.8B) exceed its long term liabilities (₹1.1B).
Debt to Equity History and Analysis
Debt Level: 717504's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: 717504's debt to equity ratio has increased from 2.6% to 20% over the past 5 years.
Debt Coverage: 717504's debt is well covered by operating cash flow (25.7%).
Interest Coverage: 717504 earns more interest than it pays, so coverage of interest payments is not a concern.