MakeMyTrip Balance Sheet Health
Financial Health criteria checks 5/6
MakeMyTrip has a total shareholder equity of $1.2B and total debt of $212.7M, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are $1.8B and $607.5M respectively. MakeMyTrip's EBIT is $84.2M making its interest coverage ratio -6.6. It has cash and short-term investments of $715.9M.
Key information
18.2%
Debt to equity ratio
US$212.68m
Debt
| Interest coverage ratio | -6.6x |
| Cash | US$715.93m |
| Equity | US$1.17b |
| Total liabilities | US$607.53m |
| Total assets | US$1.78b |
Recent financial health updates
These 4 Measures Indicate That MakeMyTrip (NASDAQ:MMYT) Is Using Debt Safely
Dec 24
Does MakeMyTrip (NASDAQ:MMYT) Have A Healthy Balance Sheet?
Sep 16We Think MakeMyTrip (NASDAQ:MMYT) Can Manage Its Debt With Ease
Apr 15Does MakeMyTrip (NASDAQ:MMYT) Have A Healthy Balance Sheet?
Jan 02Recent updates
These 4 Measures Indicate That MakeMyTrip (NASDAQ:MMYT) Is Using Debt Safely
Dec 24Here's Why We Think MakeMyTrip (NASDAQ:MMYT) Is Well Worth Watching
Nov 24MakeMyTrip (NASDAQ:MMYT) Is Doing The Right Things To Multiply Its Share Price
Nov 08MakeMyTrip: Overvalued With High Customer Acquisition Costs And Intense Competition
Oct 25MakeMyTrip: Lofty Valuation Leaves Little Room For Errors
Oct 17Market Participants Recognise MakeMyTrip Limited's (NASDAQ:MMYT) Revenues
Oct 16Is Now An Opportune Moment To Examine MakeMyTrip Limited (NASDAQ:MMYT)?
Oct 01Does MakeMyTrip (NASDAQ:MMYT) Have A Healthy Balance Sheet?
Sep 16With EPS Growth And More, MakeMyTrip (NASDAQ:MMYT) Makes An Interesting Case
Aug 15Additional Considerations Required While Assessing MakeMyTrip's (NASDAQ:MMYT) Strong Earnings
Jul 31MakeMyTrip: Dominant OTA Player In India
Jul 30MakeMyTrip's (NASDAQ:MMYT) Returns On Capital Are Heading Higher
Jun 30At US$79.87, Is MakeMyTrip Limited (NASDAQ:MMYT) Worth Looking At Closely?
Jun 11MakeMyTrip: Encouraging Performance Across Hotels And Packages Segment
May 26With MakeMyTrip Limited (NASDAQ:MMYT) It Looks Like You'll Get What You Pay For
May 24MakeMyTrip: Favorable Growth Outlook With Profitability Improvement Potential
Apr 24We Think MakeMyTrip (NASDAQ:MMYT) Can Manage Its Debt With Ease
Apr 15Returns On Capital Are Showing Encouraging Signs At MakeMyTrip (NASDAQ:MMYT)
Mar 03MakeMyTrip: Sales Growth Remains Impressive, But Watching Customer Inducement Costs
Feb 09MakeMyTrip: Record Quarter, But Pricey Stock
Jan 26Does MakeMyTrip (NASDAQ:MMYT) Have A Healthy Balance Sheet?
Jan 02MakeMyTrip Limited: What I'm Watching In The Upcoming Quarter
Oct 12MakeMyTrip attracts bullish rating at BofA on "reasonable" valuation, higher margins estimate
Aug 30MakeMyTrip: Rebound In Earnings Needed To Justify Upside
Jul 29MakeMyTrip: Strong Cash And Revenue Growth Despite Pressures
Jun 16Financial Position Analysis
Short Term Liabilities: MMYT's short term assets ($996.4M) exceed its short term liabilities ($353.7M).
Long Term Liabilities: MMYT's short term assets ($996.4M) exceed its long term liabilities ($253.8M).
Debt to Equity History and Analysis
Debt Level: MMYT has more cash than its total debt.
Reducing Debt: MMYT's debt to equity ratio has increased from 2.1% to 18.2% over the past 5 years.
Debt Coverage: MMYT's debt is well covered by operating cash flow (84.2%).
Interest Coverage: MMYT earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 13:25 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MakeMyTrip Limited is covered by 26 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nitin Bhasin | Ambit Capital |
| Ashwin Mehta | Ambit Capital |
| null null | Antique Stockbroking Ltd. |