Electrosteel Castings Balance Sheet Health
Financial Health criteria checks 6/6
Electrosteel Castings has a total shareholder equity of ₹45.7B and total debt of ₹24.7B, which brings its debt-to-equity ratio to 54%. Its total assets and total liabilities are ₹89.6B and ₹43.9B respectively. Electrosteel Castings's EBIT is ₹9.2B making its interest coverage ratio 338. It has cash and short-term investments of ₹7.2B.
Key information
54.0%
Debt to equity ratio
₹24.69b
Debt
Interest coverage ratio | 338x |
Cash | ₹7.18b |
Equity | ₹45.74b |
Total liabilities | ₹43.89b |
Total assets | ₹89.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500128's short term assets (₹45.4B) exceed its short term liabilities (₹31.4B).
Long Term Liabilities: 500128's short term assets (₹45.4B) exceed its long term liabilities (₹12.5B).
Debt to Equity History and Analysis
Debt Level: 500128's net debt to equity ratio (38.3%) is considered satisfactory.
Reducing Debt: 500128's debt to equity ratio has reduced from 66.9% to 54% over the past 5 years.
Debt Coverage: 500128's debt is well covered by operating cash flow (54.7%).
Interest Coverage: 500128's interest payments on its debt are well covered by EBIT (338x coverage).