Ashoka Metcast Balance Sheet Health
Financial Health criteria checks 6/6
Ashoka Metcast has a total shareholder equity of ₹1.2B and total debt of ₹102.5M, which brings its debt-to-equity ratio to 8.8%. Its total assets and total liabilities are ₹1.4B and ₹251.5M respectively. Ashoka Metcast's EBIT is ₹113.6M making its interest coverage ratio 8.2. It has cash and short-term investments of ₹6.9M.
Key information
8.8%
Debt to equity ratio
₹102.48m
Debt
| Interest coverage ratio | 8.2x |
| Cash | ₹6.89m |
| Equity | ₹1.16b |
| Total liabilities | ₹251.49m |
| Total assets | ₹1.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540923's short term assets (₹1.0B) exceed its short term liabilities (₹218.1M).
Long Term Liabilities: 540923's short term assets (₹1.0B) exceed its long term liabilities (₹33.4M).
Debt to Equity History and Analysis
Debt Level: 540923's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: 540923's debt to equity ratio has reduced from 84.6% to 8.8% over the past 5 years.
Debt Coverage: 540923's debt is well covered by operating cash flow (48.1%).
Interest Coverage: 540923's interest payments on its debt are well covered by EBIT (8.2x coverage).