Medine Balance Sheet Health
Financial Health criteria checks 5/6
Medine has a total shareholder equity of MUR22.2B and total debt of MUR6.5B, which brings its debt-to-equity ratio to 29.1%. Its total assets and total liabilities are MUR32.4B and MUR10.1B respectively. Medine's EBIT is MUR1.0B making its interest coverage ratio 3.4. It has cash and short-term investments of MUR1.1B.
Key information
29.1%
Debt to equity ratio
MU₨6.46b
Debt
Interest coverage ratio | 3.4x |
Cash | MU₨1.12b |
Equity | MU₨22.21b |
Total liabilities | MU₨10.15b |
Total assets | MU₨32.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MSE.N0000's short term assets (MUR5.5B) exceed its short term liabilities (MUR3.7B).
Long Term Liabilities: MSE.N0000's short term assets (MUR5.5B) do not cover its long term liabilities (MUR6.5B).
Debt to Equity History and Analysis
Debt Level: MSE.N0000's net debt to equity ratio (24.1%) is considered satisfactory.
Reducing Debt: MSE.N0000's debt to equity ratio has reduced from 43.4% to 29.1% over the past 5 years.
Debt Coverage: MSE.N0000's debt is well covered by operating cash flow (49.2%).
Interest Coverage: MSE.N0000's interest payments on its debt are well covered by EBIT (3.4x coverage).