Mindteck (India) Balance Sheet Health
Financial Health criteria checks 5/6
Mindteck (India) has a total shareholder equity of ₹2.2B and total debt of ₹22.1M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are ₹2.8B and ₹546.2M respectively. Mindteck (India)'s EBIT is ₹299.6M making its interest coverage ratio -7.6. It has cash and short-term investments of ₹1.2B.
Key information
1.0%
Debt to equity ratio
₹22.10m
Debt
| Interest coverage ratio | -7.6x |
| Cash | ₹1.25b |
| Equity | ₹2.21b |
| Total liabilities | ₹546.20m |
| Total assets | ₹2.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 517344's short term assets (₹2.3B) exceed its short term liabilities (₹498.1M).
Long Term Liabilities: 517344's short term assets (₹2.3B) exceed its long term liabilities (₹48.1M).
Debt to Equity History and Analysis
Debt Level: 517344 has more cash than its total debt.
Reducing Debt: 517344's debt to equity ratio has increased from 0% to 1% over the past 5 years.
Debt Coverage: 517344's debt is well covered by operating cash flow (1017.2%).
Interest Coverage: 517344 earns more interest than it pays, so coverage of interest payments is not a concern.