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 ratio | 16.8x |
| Cash | ₹86.21m |
| Equity | ₹476.02m |
| Total liabilities | ₹547.27m |
| Total assets | ₹1.02b |
Recent financial health updates
No updates
Recent updates
Medico Remedies Limited (NSE:MEDICO) Shares Slammed 33% But Getting In Cheap Might Be Difficult Regardless
Mar 22
Here's Why We Think Medico Remedies (NSE:MEDICO) Is Well Worth Watching
Jun 22What You Can Learn From Medico Remedies Limited's (NSE:MEDICO) P/E After Its 27% Share Price Crash
Jun 26Estimating The Fair Value Of Medico Remedies Limited (NSE:MEDICO)
Jun 03Financial Position Analysis
Short Term Liabilities: MEDICO's short term assets (₹806.1M) exceed its short term liabilities (₹530.7M).
Long Term Liabilities: MEDICO's short term assets (₹806.1M) exceed its long term liabilities (₹16.6M).
Debt to Equity History and Analysis
Debt Level: MEDICO has more cash than its total debt.
Reducing Debt: MEDICO's debt to equity ratio has reduced from 47.9% to 17% over the past 5 years.
Debt Coverage: MEDICO's debt is well covered by operating cash flow (56.9%).
Interest Coverage: MEDICO's interest payments on its debt are well covered by EBIT (16.8x coverage).