Bajaj Steel Industries Balance Sheet Health
Financial Health criteria checks 6/6
Bajaj Steel Industries has a total shareholder equity of ₹3.0B and total debt of ₹321.8M, which brings its debt-to-equity ratio to 10.8%. Its total assets and total liabilities are ₹5.1B and ₹2.1B respectively. Bajaj Steel Industries's EBIT is ₹637.2M making its interest coverage ratio 51.8. It has cash and short-term investments of ₹1.2B.
Key information
10.8%
Debt to equity ratio
₹321.83m
Debt
Interest coverage ratio | 51.8x |
Cash | ₹1.24b |
Equity | ₹2.98b |
Total liabilities | ₹2.12b |
Total assets | ₹5.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 507944's short term assets (₹3.6B) exceed its short term liabilities (₹1.9B).
Long Term Liabilities: 507944's short term assets (₹3.6B) exceed its long term liabilities (₹182.2M).
Debt to Equity History and Analysis
Debt Level: 507944 has more cash than its total debt.
Reducing Debt: 507944's debt to equity ratio has reduced from 99.1% to 10.8% over the past 5 years.
Debt Coverage: 507944's debt is well covered by operating cash flow (148%).
Interest Coverage: 507944's interest payments on its debt are well covered by EBIT (51.8x coverage).