Electrosteel Castings Balance Sheet Health
Financial Health criteria checks 6/6
Electrosteel Castings has a total shareholder equity of ₹54.4B and total debt of ₹18.6B, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are ₹91.5B and ₹37.1B respectively. Electrosteel Castings's EBIT is ₹12.2B making its interest coverage ratio 11.2. It has cash and short-term investments of ₹3.7B.
Key information
34.2%
Debt to equity ratio
₹18.59b
Debt
| Interest coverage ratio | 11.2x |
| Cash | ₹3.68b |
| Equity | ₹54.39b |
| Total liabilities | ₹37.12b |
| Total assets | ₹91.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500128's short term assets (₹44.7B) exceed its short term liabilities (₹26.7B).
Long Term Liabilities: 500128's short term assets (₹44.7B) exceed its long term liabilities (₹10.4B).
Debt to Equity History and Analysis
Debt Level: 500128's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: 500128's debt to equity ratio has reduced from 64.8% to 34.2% over the past 5 years.
Debt Coverage: 500128's debt is well covered by operating cash flow (41.6%).
Interest Coverage: 500128's interest payments on its debt are well covered by EBIT (11.2x coverage).