Bimetal Bearings Balance Sheet Health
Financial Health criteria checks 5/6
Bimetal Bearings has a total shareholder equity of ₹2.3B and total debt of ₹64.3M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are ₹2.9B and ₹648.5M respectively. Bimetal Bearings's EBIT is ₹51.5M making its interest coverage ratio -11.5. It has cash and short-term investments of ₹144.4M.
Key information
2.8%
Debt to equity ratio
₹64.27m
Debt
| Interest coverage ratio | -11.5x |
| Cash | ₹144.40m |
| Equity | ₹2.27b |
| Total liabilities | ₹648.46m |
| Total assets | ₹2.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505681's short term assets (₹1.3B) exceed its short term liabilities (₹500.4M).
Long Term Liabilities: 505681's short term assets (₹1.3B) exceed its long term liabilities (₹148.1M).
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 2.8% over the past 5 years.
Debt Coverage: 505681's debt is well covered by operating cash flow (125.2%).
Interest Coverage: 505681 earns more interest than it pays, so coverage of interest payments is not a concern.