Steel Strips Wheels Balance Sheet Health
Financial Health criteria checks 4/6
Steel Strips Wheels has a total shareholder equity of ₹15.3B and total debt of ₹9.3B, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are ₹33.0B and ₹17.7B respectively. Steel Strips Wheels's EBIT is ₹3.4B making its interest coverage ratio 3.5. It has cash and short-term investments of ₹101.2M.
Key information
60.5%
Debt to equity ratio
₹9.26b
Debt
| Interest coverage ratio | 3.5x |
| Cash | ₹101.23m |
| Equity | ₹15.31b |
| Total liabilities | ₹17.73b |
| Total assets | ₹33.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513262's short term assets (₹11.9B) do not cover its short term liabilities (₹12.9B).
Long Term Liabilities: 513262's short term assets (₹11.9B) exceed its long term liabilities (₹4.8B).
Debt to Equity History and Analysis
Debt Level: 513262's net debt to equity ratio (59.8%) is considered high.
Reducing Debt: 513262's debt to equity ratio has reduced from 138.9% to 60.5% over the past 5 years.
Debt Coverage: 513262's debt is well covered by operating cash flow (43.5%).
Interest Coverage: 513262's interest payments on its debt are well covered by EBIT (3.5x coverage).