Bajaj Steel Industries Balance Sheet Health
Financial Health criteria checks 6/6
Bajaj Steel Industries has a total shareholder equity of ₹3.6B and total debt of ₹547.7M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are ₹5.7B and ₹2.1B respectively. Bajaj Steel Industries's EBIT is ₹757.9M making its interest coverage ratio -577.3. It has cash and short-term investments of ₹894.8M.
Key information
15.4%
Debt to equity ratio
₹547.69m
Debt
| Interest coverage ratio | -577.3x |
| Cash | ₹894.84m |
| Equity | ₹3.55b |
| Total liabilities | ₹2.14b |
| Total assets | ₹5.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 507944's short term assets (₹3.5B) exceed its short term liabilities (₹1.8B).
Long Term Liabilities: 507944's short term assets (₹3.5B) exceed its long term liabilities (₹321.8M).
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 82.2% to 15.4% over the past 5 years.
Debt Coverage: 507944's debt is well covered by operating cash flow (36.9%).
Interest Coverage: 507944 earns more interest than it pays, so coverage of interest payments is not a concern.