Manoj Vaibhav Gems 'N' Jewellers Balance Sheet Health
Financial Health criteria checks 6/6
Manoj Vaibhav Gems 'N' Jewellers has a total shareholder equity of ₹5.8B and total debt of ₹4.7B, which brings its debt-to-equity ratio to 82%. Its total assets and total liabilities are ₹13.7B and ₹7.9B respectively. Manoj Vaibhav Gems 'N' Jewellers's EBIT is ₹1.4B making its interest coverage ratio 3.4. It has cash and short-term investments of ₹2.9B.
Key information
82.0%
Debt to equity ratio
₹4.74b
Debt
| Interest coverage ratio | 3.4x |
| Cash | ₹2.86b |
| Equity | ₹5.78b |
| Total liabilities | ₹7.89b |
| Total assets | ₹13.68b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MVGJL's short term assets (₹12.8B) exceed its short term liabilities (₹6.7B).
Long Term Liabilities: MVGJL's short term assets (₹12.8B) exceed its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: MVGJL's net debt to equity ratio (32.5%) is considered satisfactory.
Reducing Debt: MVGJL's debt to equity ratio has reduced from 229.8% to 82% over the past 5 years.
Debt Coverage: MVGJL's debt is well covered by operating cash flow (29%).
Interest Coverage: MVGJL's interest payments on its debt are well covered by EBIT (3.4x coverage).