Bajaj Steel Industries Balance Sheet Health
Financial Health criteria checks 6/6
Bajaj Steel Industries has a total shareholder equity of ₹3.3B and total debt of ₹635.2M, which brings its debt-to-equity ratio to 19.1%. Its total assets and total liabilities are ₹5.6B and ₹2.3B respectively. Bajaj Steel Industries's EBIT is ₹754.0M making its interest coverage ratio 15.2. It has cash and short-term investments of ₹1.2B.
Key information
19.1%
Debt to equity ratio
₹635.23m
Debt
| Interest coverage ratio | 15.2x |
| Cash | ₹1.21b |
| Equity | ₹3.32b |
| Total liabilities | ₹2.31b |
| Total assets | ₹5.63b |
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 (₹2.0B).
Long Term Liabilities: 507944's short term assets (₹3.6B) exceed its long term liabilities (₹291.9M).
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 93.4% to 19.1% over the past 5 years.
Debt Coverage: 507944's debt is well covered by operating cash flow (87.1%).
Interest Coverage: 507944's interest payments on its debt are well covered by EBIT (15.2x coverage).