Manoj Vaibhav Gems 'N' Jewellers Balance Sheet Health
Financial Health criteria checks 5/6
Manoj Vaibhav Gems 'N' Jewellers has a total shareholder equity of ₹6.2B and total debt of ₹4.0B, which brings its debt-to-equity ratio to 65.5%. Its total assets and total liabilities are ₹14.0B and ₹7.8B respectively. Manoj Vaibhav Gems 'N' Jewellers's EBIT is ₹1.4B making its interest coverage ratio 3.5. It has cash and short-term investments of ₹1.8B.
Key information
65.5%
Debt to equity ratio
₹4.05b
Debt
Interest coverage ratio | 3.5x |
Cash | ₹1.76b |
Equity | ₹6.18b |
Total liabilities | ₹7.82b |
Total assets | ₹13.99b |
Financial Position Analysis
Short Term Liabilities: MVGJL's short term assets (₹13.1B) exceed its short term liabilities (₹7.2B).
Long Term Liabilities: MVGJL's short term assets (₹13.1B) exceed its long term liabilities (₹642.9M).
Debt to Equity History and Analysis
Debt Level: MVGJL's net debt to equity ratio (37.1%) is considered satisfactory.
Reducing Debt: MVGJL's debt to equity ratio has reduced from 224.1% to 65.5% over the past 5 years.
Debt Coverage: MVGJL's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: MVGJL's interest payments on its debt are well covered by EBIT (3.5x coverage).