Mihika Industries Balance Sheet Health
Financial Health criteria checks 4/6
Mihika Industries has a total shareholder equity of ₹224.0M and total debt of ₹1.6M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are ₹233.1M and ₹9.0M respectively. Mihika Industries's EBIT is ₹1.5M making its interest coverage ratio -0.2. It has cash and short-term investments of ₹289.0K.
Key information
0.7%
Debt to equity ratio
₹1.61m
Debt
| Interest coverage ratio | -0.2x |
| Cash | ₹289.00k |
| Equity | ₹224.03m |
| Total liabilities | ₹9.04m |
| Total assets | ₹233.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 538895's short term assets (₹222.3M) exceed its short term liabilities (₹7.4M).
Long Term Liabilities: 538895's short term assets (₹222.3M) exceed its long term liabilities (₹1.6M).
Debt to Equity History and Analysis
Debt Level: 538895's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: 538895's debt to equity ratio has increased from 0% to 0.7% over the past 5 years.
Debt Coverage: 538895's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 538895 earns more interest than it pays, so coverage of interest payments is not a concern.