Steel Strips Wheels Balance Sheet Health
Financial Health criteria checks 3/6
Steel Strips Wheels has a total shareholder equity of ₹14.4B and total debt of ₹10.5B, which brings its debt-to-equity ratio to 72.7%. Its total assets and total liabilities are ₹33.0B and ₹18.6B respectively. Steel Strips Wheels's EBIT is ₹3.5B making its interest coverage ratio 3.2. It has cash and short-term investments of ₹428.8M.
Key information
72.7%
Debt to equity ratio
₹10.48b
Debt
| Interest coverage ratio | 3.2x |
| Cash | ₹428.81m |
| Equity | ₹14.42b |
| Total liabilities | ₹18.61b |
| Total assets | ₹33.04b |
Recent financial health updates
Steel Strips Wheels (NSE:SSWL) Has A Pretty Healthy Balance Sheet
Dec 26
Steel Strips Wheels (NSE:SSWL) Has A Pretty Healthy Balance Sheet
Jan 11Is Steel Strips Wheels (NSE:SSWL) A Risky Investment?
Feb 02Recent updates
Increases to CEO Compensation Might Be Put On Hold For Now at Steel Strips Wheels Limited (NSE:SSWL)
Sep 23Steel Strips Wheels' (NSE:SSWL) Shareholders Should Assess Earnings With Caution
May 31Sentiment Still Eluding Steel Strips Wheels Limited (NSE:SSWL)
Jan 16Returns On Capital Are A Standout For Steel Strips Wheels (NSE:SSWL)
Jul 20Steel Strips Wheels (NSE:SSWL) Has A Pretty Healthy Balance Sheet
Dec 26We Like Steel Strips Wheels' (NSE:SSWL) Returns And Here's How They're Trending
Apr 05Steel Strips Wheels (NSE:SSWL) Has A Pretty Healthy Balance Sheet
Jan 11Steel Strips Wheels (NSE:SSWL) Will Be Hoping To Turn Its Returns On Capital Around
Jun 07Investors Who Bought Steel Strips Wheels (NSE:SSWL) Shares Five Years Ago Are Now Up 121%
Mar 17The Returns At Steel Strips Wheels (NSE:SSWL) Provide Us With Signs Of What's To Come
Feb 23Is Steel Strips Wheels (NSE:SSWL) A Risky Investment?
Feb 02How Many Steel Strips Wheels Limited (NSE:SSWL) Shares Did Insiders Buy, In The Last Year?
Jan 12
What Kind Of Shareholders Hold The Majority In Steel Strips Wheels Limited's (NSE:SSWL) Shares?
Dec 22Steel Strips Wheels' (NSE:SSWL) Shareholders Are Down 53% On Their Shares
Dec 01We're Watching These Trends At Steel Strips Wheels (NSE:SSWL)
Nov 10Financial Position Analysis
Short Term Liabilities: SSWL's short term assets (₹12.0B) do not cover its short term liabilities (₹13.3B).
Long Term Liabilities: SSWL's short term assets (₹12.0B) exceed its long term liabilities (₹5.4B).
Debt to Equity History and Analysis
Debt Level: SSWL's net debt to equity ratio (69.7%) is considered high.
Reducing Debt: SSWL's debt to equity ratio has reduced from 124.8% to 72.7% over the past 5 years.
Debt Coverage: SSWL's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: SSWL's interest payments on its debt are well covered by EBIT (3.2x coverage).