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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 09:22 |
| End of Day Share Price | 2024/12/20 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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
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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
Steel Strips Wheels Limited is covered by 10 analysts. 2 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 |
|---|---|
| Vijay Sarthy T.S. | Anand Rathi Shares and Stock Brokers Limited |
| Abhishek Jain | Dolat Capital Market Pvt. Ltd. |
| Shravan Shah | Dolat Capital Market Pvt. Ltd. |