Milgrey Finance and Investments Balance Sheet Health
Financial Health criteria checks 3/6
Milgrey Finance and Investments has a total shareholder equity of ₹342.2M and total debt of ₹291.3M, which brings its debt-to-equity ratio to 85.1%. Its total assets and total liabilities are ₹633.6M and ₹291.5M respectively. Milgrey Finance and Investments's EBIT is ₹6.3M making its interest coverage ratio 9.8. It has cash and short-term investments of ₹3.2M.
Key information
85.1%
Debt to equity ratio
₹291.31m
Debt
| Interest coverage ratio | 9.8x |
| Cash | ₹3.15m |
| Equity | ₹342.18m |
| Total liabilities | ₹291.46m |
| Total assets | ₹633.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 511018's short term assets (₹633.6M) exceed its short term liabilities (₹291.5M).
Long Term Liabilities: 511018 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 511018's net debt to equity ratio (84.2%) is considered high.
Reducing Debt: 511018's debt to equity ratio has increased from 46.6% to 85.1% over the past 5 years.
Debt Coverage: 511018's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 511018's interest payments on its debt are well covered by EBIT (9.8x coverage).