Majestic Auto Balance Sheet Health
Financial Health criteria checks 4/6
Majestic Auto has a total shareholder equity of ₹5.1B and total debt of ₹1.5B, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are ₹7.5B and ₹2.3B respectively. Majestic Auto's EBIT is ₹410.5M making its interest coverage ratio 11.7. It has cash and short-term investments of ₹44.4M.
Key information
29.9%
Debt to equity ratio
₹1.54b
Debt
Interest coverage ratio | 11.7x |
Cash | ₹44.38m |
Equity | ₹5.15b |
Total liabilities | ₹2.34b |
Total assets | ₹7.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500267's short term assets (₹396.1M) do not cover its short term liabilities (₹458.5M).
Long Term Liabilities: 500267's short term assets (₹396.1M) do not cover its long term liabilities (₹1.9B).
Debt to Equity History and Analysis
Debt Level: 500267's net debt to equity ratio (29%) is considered satisfactory.
Reducing Debt: 500267's debt to equity ratio has reduced from 64% to 29.9% over the past 5 years.
Debt Coverage: 500267's debt is well covered by operating cash flow (46.2%).
Interest Coverage: 500267's interest payments on its debt are well covered by EBIT (11.7x coverage).