MIC Electronics Balance Sheet Health
Financial Health criteria checks 5/6
MIC Electronics has a total shareholder equity of ₹2.2B and total debt of ₹425.3M, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are ₹2.8B and ₹676.9M respectively. MIC Electronics's EBIT is ₹122.4M making its interest coverage ratio 7.5. It has cash and short-term investments of ₹103.7M.
Key information
19.7%
Debt to equity ratio
₹425.28m
Debt
| Interest coverage ratio | 7.5x |
| Cash | ₹103.69m |
| Equity | ₹2.16b |
| Total liabilities | ₹676.95m |
| Total assets | ₹2.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532850's short term assets (₹1.5B) exceed its short term liabilities (₹558.5M).
Long Term Liabilities: 532850's short term assets (₹1.5B) exceed its long term liabilities (₹118.5M).
Debt to Equity History and Analysis
Debt Level: 532850's net debt to equity ratio (14.9%) 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 (7.5x coverage).