MIC Electronics Balance Sheet Health
Financial Health criteria checks 5/6
MIC Electronics has a total shareholder equity of ₹740.6M and total debt of ₹126.9M, which brings its debt-to-equity ratio to 17.1%. Its total assets and total liabilities are ₹973.5M and ₹232.9M respectively. MIC Electronics's EBIT is ₹57.9M making its interest coverage ratio 15.9. It has cash and short-term investments of ₹8.2M.
Key information
17.1%
Debt to equity ratio
₹126.90m
Debt
Interest coverage ratio | 15.9x |
Cash | ₹8.20m |
Equity | ₹740.60m |
Total liabilities | ₹232.90m |
Total assets | ₹973.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532850's short term assets (₹386.3M) exceed its short term liabilities (₹212.6M).
Long Term Liabilities: 532850's short term assets (₹386.3M) exceed its long term liabilities (₹20.3M).
Debt to Equity History and Analysis
Debt Level: 532850's net debt to equity ratio (16%) is considered satisfactory.
Reducing Debt: 532850 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 532850's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 532850's interest payments on its debt are well covered by EBIT (15.9x coverage).