Steel Strips Wheels Balance Sheet Health
Financial Health criteria checks 5/6
Steel Strips Wheels has a total shareholder equity of ₹12.2B and total debt of ₹8.4B, which brings its debt-to-equity ratio to 68.4%. Its total assets and total liabilities are ₹30.0B and ₹17.8B respectively. Steel Strips Wheels's EBIT is ₹3.9B making its interest coverage ratio 4.7. It has cash and short-term investments of ₹366.8M.
Key information
68.4%
Debt to equity ratio
₹8.36b
Debt
Interest coverage ratio | 4.7x |
Cash | ₹366.79m |
Equity | ₹12.23b |
Total liabilities | ₹17.76b |
Total assets | ₹29.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513262's short term assets (₹12.5B) exceed its short term liabilities (₹12.4B).
Long Term Liabilities: 513262's short term assets (₹12.5B) exceed its long term liabilities (₹5.3B).
Debt to Equity History and Analysis
Debt Level: 513262's net debt to equity ratio (65.4%) is considered high.
Reducing Debt: 513262's debt to equity ratio has reduced from 130.8% to 68.4% over the past 5 years.
Debt Coverage: 513262's debt is well covered by operating cash flow (49%).
Interest Coverage: 513262's interest payments on its debt are well covered by EBIT (4.7x coverage).