Mindspace Business Parks REIT Balance Sheet Health
Financial Health criteria checks 2/6
Mindspace Business Parks REIT has a total shareholder equity of ₹146.1B and total debt of ₹77.7B, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are ₹243.1B and ₹97.0B respectively. Mindspace Business Parks REIT's EBIT is ₹14.7B making its interest coverage ratio 3. It has cash and short-term investments of ₹5.0B.
Key information
53.2%
Debt to equity ratio
₹77.67b
Debt
| Interest coverage ratio | 3x |
| Cash | ₹4.97b |
| Equity | ₹146.05b |
| Total liabilities | ₹97.00b |
| Total assets | ₹243.05b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MINDSPACE's short term assets (₹13.7B) do not cover its short term liabilities (₹26.0B).
Long Term Liabilities: MINDSPACE's short term assets (₹13.7B) do not cover its long term liabilities (₹71.0B).
Debt to Equity History and Analysis
Debt Level: MINDSPACE's net debt to equity ratio (49.8%) is considered high.
Reducing Debt: MINDSPACE's debt to equity ratio has reduced from 330.2% to 53.2% over the past 5 years.
Debt Coverage: MINDSPACE's debt is well covered by operating cash flow (22.4%).
Interest Coverage: MINDSPACE's interest payments on its debt are not well covered by EBIT (3x coverage).