Tata Steel Balance Sheet Health
Financial Health criteria checks 2/6
Tata Steel has a total shareholder equity of ₹924.3B and total debt of ₹815.7B, which brings its debt-to-equity ratio to 88.3%. Its total assets and total liabilities are ₹2,734.2B and ₹1,809.9B respectively. Tata Steel's EBIT is ₹142.3B making its interest coverage ratio 1.9. It has cash and short-term investments of ₹94.1B.
Key information
88.3%
Debt to equity ratio
₹815.74b
Debt
Interest coverage ratio | 1.9x |
Cash | ₹94.09b |
Equity | ₹924.33b |
Total liabilities | ₹1.81t |
Total assets | ₹2.73t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTSTL's short term assets (₹705.5B) do not cover its short term liabilities (₹984.0B).
Long Term Liabilities: TTSTL's short term assets (₹705.5B) do not cover its long term liabilities (₹825.9B).
Debt to Equity History and Analysis
Debt Level: TTSTL's net debt to equity ratio (78.1%) is considered high.
Reducing Debt: TTSTL's debt to equity ratio has reduced from 136% to 88.3% over the past 5 years.
Debt Coverage: TTSTL's debt is well covered by operating cash flow (24.9%).
Interest Coverage: TTSTL's interest payments on its debt are not well covered by EBIT (1.9x coverage).