Sterling Tools Balance Sheet Health
Financial Health criteria checks 6/6
Sterling Tools has a total shareholder equity of ₹4.5B and total debt of ₹1.2B, which brings its debt-to-equity ratio to 25.9%. Its total assets and total liabilities are ₹7.1B and ₹2.7B respectively. Sterling Tools's EBIT is ₹747.2M making its interest coverage ratio 7.9. It has cash and short-term investments of ₹1.0B.
Key information
25.9%
Debt to equity ratio
₹1.16b
Debt
Interest coverage ratio | 7.9x |
Cash | ₹1.05b |
Equity | ₹4.47b |
Total liabilities | ₹2.66b |
Total assets | ₹7.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530759's short term assets (₹4.0B) exceed its short term liabilities (₹2.0B).
Long Term Liabilities: 530759's short term assets (₹4.0B) exceed its long term liabilities (₹679.7M).
Debt to Equity History and Analysis
Debt Level: 530759's net debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: 530759's debt to equity ratio has reduced from 35.4% to 25.9% over the past 5 years.
Debt Coverage: 530759's debt is well covered by operating cash flow (87.6%).
Interest Coverage: 530759's interest payments on its debt are well covered by EBIT (7.9x coverage).