Mittal Life Style Balance Sheet Health
Financial Health criteria checks 5/6
Mittal Life Style has a total shareholder equity of ₹327.3M and total debt of ₹7.8M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are ₹378.4M and ₹51.1M respectively. Mittal Life Style's EBIT is ₹22.0M making its interest coverage ratio 59.2. It has cash and short-term investments of ₹106.5M.
Key information
2.4%
Debt to equity ratio
₹7.83m
Debt
| Interest coverage ratio | 59.2x |
| Cash | ₹106.47m |
| Equity | ₹327.28m |
| Total liabilities | ₹51.10m |
| Total assets | ₹378.37m |
Recent financial health updates
No updates
Recent updates
Some Confidence Is Lacking In Mittal Life Style Limited (NSE:MITTAL) As Shares Slide 32%
Mar 24
Mittal Life Style Limited's (NSE:MITTAL) Price Is Out Of Tune With Earnings
Feb 08Have Mittal Life Style Limited (NSE:MITTAL) Insiders Been Selling Their Stock?
Jan 23
Have Mittal Life Style Limited (NSE:MITTAL) Insiders Been Selling Their Stock?
Dec 26Mittal Life Style Limited's (NSE:MITTAL) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Dec 22Why Mittal Life Style Limited (NSE:MITTAL) Is A Top Dividend Stock
Nov 17Financial Position Analysis
Short Term Liabilities: MITTAL's short term assets (₹363.3M) exceed its short term liabilities (₹51.1M).
Long Term Liabilities: MITTAL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MITTAL has more cash than its total debt.
Reducing Debt: MITTAL's debt to equity ratio has reduced from 47.5% to 2.4% over the past 5 years.
Debt Coverage: MITTAL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MITTAL's interest payments on its debt are well covered by EBIT (59.2x coverage).