Majestic Auto Balance Sheet Health
Financial Health criteria checks 5/6
Majestic Auto has a total shareholder equity of ₹6.5B and total debt of ₹1.3B, which brings its debt-to-equity ratio to 20.2%. Its total assets and total liabilities are ₹9.0B and ₹2.4B respectively. Majestic Auto's EBIT is ₹229.3M making its interest coverage ratio -131.6. It has cash and short-term investments of ₹17.9M.
Key information
20.2%
Debt to equity ratio
₹1.32b
Debt
| Interest coverage ratio | -131.6x |
| Cash | ₹17.88m |
| Equity | ₹6.51b |
| Total liabilities | ₹2.45b |
| Total assets | ₹8.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500267's short term assets (₹716.0M) exceed its short term liabilities (₹641.5M).
Long Term Liabilities: 500267's short term assets (₹716.0M) do not cover its long term liabilities (₹1.8B).
Debt to Equity History and Analysis
Debt Level: 500267's net debt to equity ratio (19.9%) is considered satisfactory.
Reducing Debt: 500267's debt to equity ratio has reduced from 44.4% to 20.2% over the past 5 years.
Debt Coverage: 500267's debt is well covered by operating cash flow (22.8%).
Interest Coverage: 500267 earns more interest than it pays, so coverage of interest payments is not a concern.