Thaai Casting Balance Sheet Health
Financial Health criteria checks 4/6
Thaai Casting has a total shareholder equity of ₹161.7M and total debt of ₹298.5M, which brings its debt-to-equity ratio to 184.6%. Its total assets and total liabilities are ₹549.9M and ₹388.1M respectively. Thaai Casting's EBIT is ₹93.8M making its interest coverage ratio 4.2. It has cash and short-term investments of ₹1.3M.
Key information
184.6%
Debt to equity ratio
₹298.51m
Debt
Interest coverage ratio | 4.2x |
Cash | ₹1.30m |
Equity | ₹161.73m |
Total liabilities | ₹388.12m |
Total assets | ₹549.85m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCL's short term assets (₹208.3M) exceed its short term liabilities (₹201.3M).
Long Term Liabilities: TCL's short term assets (₹208.3M) exceed its long term liabilities (₹186.8M).
Debt to Equity History and Analysis
Debt Level: TCL's net debt to equity ratio (183.8%) is considered high.
Reducing Debt: Insufficient data to determine if TCL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TCL's debt is well covered by operating cash flow (24.3%).
Interest Coverage: TCL's interest payments on its debt are well covered by EBIT (4.2x coverage).