Sterling Tools Balance Sheet Health
Financial Health criteria checks 5/6
Sterling Tools has a total shareholder equity of ₹4.2B and total debt of ₹1.4B, which brings its debt-to-equity ratio to 32.4%. Its total assets and total liabilities are ₹6.7B and ₹2.6B respectively. Sterling Tools's EBIT is ₹673.5M making its interest coverage ratio 8.9. It has cash and short-term investments of ₹770.7M.
Key information
32.4%
Debt to equity ratio
₹1.36b
Debt
Interest coverage ratio | 8.9x |
Cash | ₹770.70m |
Equity | ₹4.19b |
Total liabilities | ₹2.55b |
Total assets | ₹6.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530759's short term assets (₹3.6B) exceed its short term liabilities (₹1.9B).
Long Term Liabilities: 530759's short term assets (₹3.6B) exceed its long term liabilities (₹647.5M).
Debt to Equity History and Analysis
Debt Level: 530759's net debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: 530759's debt to equity ratio has increased from 30.7% to 32.4% over the past 5 years.
Debt Coverage: 530759's debt is well covered by operating cash flow (62.5%).
Interest Coverage: 530759's interest payments on its debt are well covered by EBIT (8.9x coverage).