Mindpool Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Mindpool Technologies has a total shareholder equity of ₹179.8M and total debt of ₹10.1M, which brings its debt-to-equity ratio to 5.6%. Its total assets and total liabilities are ₹258.2M and ₹78.4M respectively. Mindpool Technologies's EBIT is ₹537.3K making its interest coverage ratio -0.2. It has cash and short-term investments of ₹3.7M.
Key information
5.6%
Debt to equity ratio
₹10.10m
Debt
Interest coverage ratio | -0.2x |
Cash | ₹3.68m |
Equity | ₹179.77m |
Total liabilities | ₹78.45m |
Total assets | ₹258.22m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MINDPOOL's short term assets (₹231.8M) exceed its short term liabilities (₹78.4M).
Long Term Liabilities: MINDPOOL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MINDPOOL's net debt to equity ratio (3.6%) is considered satisfactory.
Reducing Debt: MINDPOOL's debt to equity ratio has reduced from 8.4% to 5.6% over the past 5 years.
Debt Coverage: MINDPOOL's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: MINDPOOL earns more interest than it pays, so coverage of interest payments is not a concern.