Mindteck (India) Balance Sheet Health
Financial Health criteria checks 5/6
Mindteck (India) has a total shareholder equity of ₹2.0B and total debt of ₹39.5M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are ₹2.6B and ₹542.3M respectively. Mindteck (India)'s EBIT is ₹278.6M making its interest coverage ratio -14.4. It has cash and short-term investments of ₹1.0B.
Key information
2.0%
Debt to equity ratio
₹39.50m
Debt
Interest coverage ratio | -14.4x |
Cash | ₹1.03b |
Equity | ₹2.02b |
Total liabilities | ₹542.30m |
Total assets | ₹2.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 517344's short term assets (₹2.1B) exceed its short term liabilities (₹503.6M).
Long Term Liabilities: 517344's short term assets (₹2.1B) exceed its long term liabilities (₹38.7M).
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 0.02% to 2% over the past 5 years.
Debt Coverage: 517344's debt is well covered by operating cash flow (570.4%).
Interest Coverage: 517344 earns more interest than it pays, so coverage of interest payments is not a concern.