Credo Brands Marketing Balance Sheet Health
Financial Health criteria checks 4/6
Credo Brands Marketing has a total shareholder equity of ₹3.4B and total debt of ₹2.5B, which brings its debt-to-equity ratio to 74.1%. Its total assets and total liabilities are ₹7.1B and ₹3.7B respectively. Credo Brands Marketing's EBIT is ₹1.0B making its interest coverage ratio 5. It has cash and short-term investments of ₹16.6M.
Key information
74.1%
Debt to equity ratio
₹2.53b
Debt
| Interest coverage ratio | 5x |
| Cash | ₹16.64m |
| Equity | ₹3.42b |
| Total liabilities | ₹3.68b |
| Total assets | ₹7.10b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MUFTI's short term assets (₹3.7B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: MUFTI's short term assets (₹3.7B) exceed its long term liabilities (₹2.3B).
Debt to Equity History and Analysis
Debt Level: MUFTI's net debt to equity ratio (73.6%) is considered high.
Reducing Debt: Insufficient data to determine if MUFTI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MUFTI's debt is well covered by operating cash flow (22.2%).
Interest Coverage: MUFTI's interest payments on its debt are well covered by EBIT (5x coverage).