Electrosteel Castings Balance Sheet Health
Financial Health criteria checks 6/6
Electrosteel Castings has a total shareholder equity of ₹51.1B and total debt of ₹23.3B, which brings its debt-to-equity ratio to 45.6%. Its total assets and total liabilities are ₹91.1B and ₹39.9B respectively. Electrosteel Castings's EBIT is ₹12.5B making its interest coverage ratio 6.1. It has cash and short-term investments of ₹5.4B.
Key information
45.6%
Debt to equity ratio
₹23.32b
Debt
| Interest coverage ratio | 6.1x |
| Cash | ₹5.45b |
| Equity | ₹51.14b |
| Total liabilities | ₹39.94b |
| Total assets | ₹91.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500128's short term assets (₹45.8B) exceed its short term liabilities (₹29.0B).
Long Term Liabilities: 500128's short term assets (₹45.8B) exceed its long term liabilities (₹10.9B).
Debt to Equity History and Analysis
Debt Level: 500128's net debt to equity ratio (34.9%) is considered satisfactory.
Reducing Debt: 500128's debt to equity ratio has reduced from 67.8% to 45.6% over the past 5 years.
Debt Coverage: 500128's debt is well covered by operating cash flow (34.5%).
Interest Coverage: 500128's interest payments on its debt are well covered by EBIT (6.1x coverage).