Mindspace Business Parks REIT Balance Sheet Health
Financial Health criteria checks 3/6
Mindspace Business Parks REIT has a total shareholder equity of ₹149.3B and total debt of ₹69.7B, which brings its debt-to-equity ratio to 46.7%. Its total assets and total liabilities are ₹238.4B and ₹89.2B respectively. Mindspace Business Parks REIT's EBIT is ₹14.2B making its interest coverage ratio 3.1. It has cash and short-term investments of ₹6.1B.
Key information
46.7%
Debt to equity ratio
₹69.73b
Debt
Interest coverage ratio | 3.1x |
Cash | ₹6.10b |
Equity | ₹149.29b |
Total liabilities | ₹89.16b |
Total assets | ₹238.45b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MINDSPACE's short term assets (₹13.0B) do not cover its short term liabilities (₹32.6B).
Long Term Liabilities: MINDSPACE's short term assets (₹13.0B) do not cover its long term liabilities (₹56.5B).
Debt to Equity History and Analysis
Debt Level: MINDSPACE's net debt to equity ratio (42.6%) is considered high.
Reducing Debt: MINDSPACE's debt to equity ratio has reduced from 329.3% to 46.7% over the past 5 years.
Debt Coverage: MINDSPACE's debt is well covered by operating cash flow (21.9%).
Interest Coverage: MINDSPACE's interest payments on its debt are well covered by EBIT (3.1x coverage).