MMYTMakeMyTrip Limited
Is it safe?
Caution warranted: heavy debt (BB) and big price swings.
Net cash, but unprofitable, speculative. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -73% · now 56% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can MMYT take a bad year?
MakeMyTrip Limited holds $21M more cash than debt, so a bad year is a question about profits, not about lenders.
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Debt / equity
- 0.24×
Debt / equity
- Annualised volatility
- 54%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ4 2022
- $219M
- Cash and short-term investments
- $240M
- Net cash
- $21M
- EBITDA, trailing twelve months
- −$870K
- Operating profit, trailing twelve months
- −$30M
- Debt / equity
- 0.24×
- Annualised volatilitytwo years of daily moves
- 54%
- Worst drawdown on file
- −73%
- Below its 52-week high
- 56%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.