Mindspace Business Parks REIT Balance Sheet Health
Financial Health criteria checks 3/6
Mindspace Business Parks REIT has a total shareholder equity of ₹151.0B and total debt of ₹67.0B, which brings its debt-to-equity ratio to 44.4%. Its total assets and total liabilities are ₹236.9B and ₹85.9B respectively. Mindspace Business Parks REIT's EBIT is ₹13.7B making its interest coverage ratio 3.2. It has cash and short-term investments of ₹3.4B.
Key information
44.4%
Debt to equity ratio
₹67.00b
Debt
Interest coverage ratio | 3.2x |
Cash | ₹3.36b |
Equity | ₹151.02b |
Total liabilities | ₹85.89b |
Total assets | ₹236.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543217's short term assets (₹11.5B) do not cover its short term liabilities (₹31.0B).
Long Term Liabilities: 543217's short term assets (₹11.5B) do not cover its long term liabilities (₹54.9B).
Debt to Equity History and Analysis
Debt Level: 543217's net debt to equity ratio (42.1%) is considered high.
Reducing Debt: 543217's debt to equity ratio has reduced from 349% to 44.4% over the past 5 years.
Debt Coverage: 543217's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 543217's interest payments on its debt are well covered by EBIT (3.2x coverage).