Bimetal Bearings Balance Sheet Health
Financial Health criteria checks 5/6
Bimetal Bearings has a total shareholder equity of ₹2.1B and total debt of ₹84.5M, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are ₹2.7B and ₹608.2M respectively. Bimetal Bearings's EBIT is ₹64.4M making its interest coverage ratio -25.6. It has cash and short-term investments of ₹136.2M.
Key information
4.0%
Debt to equity ratio
₹84.50m
Debt
Interest coverage ratio | -25.6x |
Cash | ₹136.23m |
Equity | ₹2.10b |
Total liabilities | ₹608.18m |
Total assets | ₹2.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505681's short term assets (₹1.2B) exceed its short term liabilities (₹477.2M).
Long Term Liabilities: 505681's short term assets (₹1.2B) exceed its long term liabilities (₹131.0M).
Debt to Equity History and Analysis
Debt Level: 505681 has more cash than its total debt.
Reducing Debt: 505681's debt to equity ratio has increased from 0% to 4% over the past 5 years.
Debt Coverage: 505681's debt is well covered by operating cash flow (137.2%).
Interest Coverage: 505681 earns more interest than it pays, so coverage of interest payments is not a concern.