Medico Remedies Balance Sheet Health
Financial Health criteria checks 6/6
Medico Remedies has a total shareholder equity of ₹523.7M and total debt of ₹67.5M, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are ₹962.0M and ₹438.2M respectively. Medico Remedies's EBIT is ₹100.3M making its interest coverage ratio 12.2. It has cash and short-term investments of ₹15.5M.
Key information
12.9%
Debt to equity ratio
₹67.52m
Debt
Interest coverage ratio | 12.2x |
Cash | ₹15.46m |
Equity | ₹523.71m |
Total liabilities | ₹438.24m |
Total assets | ₹961.95m |
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 22Here'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 (₹737.6M) exceed its short term liabilities (₹428.1M).
Long Term Liabilities: MEDICO's short term assets (₹737.6M) exceed its long term liabilities (₹10.1M).
Debt to Equity History and Analysis
Debt Level: MEDICO's net debt to equity ratio (9.9%) is considered satisfactory.
Reducing Debt: MEDICO's debt to equity ratio has reduced from 47.9% to 12.9% over the past 5 years.
Debt Coverage: MEDICO's debt is well covered by operating cash flow (36.1%).
Interest Coverage: MEDICO's interest payments on its debt are well covered by EBIT (12.2x coverage).