Medico Remedies Limited

BSE:540937 Stock Report

Market Cap: ₹4.1b

Medico Remedies Balance Sheet Health

Financial Health criteria checks 6/6

Medico Remedies has a total shareholder equity of ₹476.0M and total debt of ₹80.9M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are ₹1.0B and ₹547.3M respectively. Medico Remedies's EBIT is ₹86.7M making its interest coverage ratio 16.8. It has cash and short-term investments of ₹86.2M.

Key information

17.0%

Debt to equity ratio

₹80.92m

Debt

Interest coverage ratio16.8x
Cash₹86.21m
Equity₹476.02m
Total liabilities₹547.27m
Total assets₹1.02b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 540937's short term assets (₹806.1M) exceed its short term liabilities (₹530.7M).

Long Term Liabilities: 540937's short term assets (₹806.1M) exceed its long term liabilities (₹16.6M).


Debt to Equity History and Analysis

Debt Level: 540937 has more cash than its total debt.

Reducing Debt: 540937's debt to equity ratio has reduced from 47.9% to 17% over the past 5 years.

Debt Coverage: 540937's debt is well covered by operating cash flow (56.9%).

Interest Coverage: 540937's interest payments on its debt are well covered by EBIT (16.8x coverage).


Balance Sheet


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