Ashoka Metcast Balance Sheet Health
Financial Health criteria checks 5/6
Ashoka Metcast has a total shareholder equity of ₹1.1B and total debt of ₹150.6M, which brings its debt-to-equity ratio to 13.9%. Its total assets and total liabilities are ₹1.4B and ₹355.5M respectively. Ashoka Metcast's EBIT is ₹36.9M making its interest coverage ratio 4.7. It has cash and short-term investments of ₹29.8M.
Key information
13.9%
Debt to equity ratio
₹150.55m
Debt
Interest coverage ratio | 4.7x |
Cash | ₹29.80m |
Equity | ₹1.09b |
Total liabilities | ₹355.46m |
Total assets | ₹1.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540923's short term assets (₹1.1B) exceed its short term liabilities (₹304.3M).
Long Term Liabilities: 540923's short term assets (₹1.1B) exceed its long term liabilities (₹51.2M).
Debt to Equity History and Analysis
Debt Level: 540923's net debt to equity ratio (11.1%) is considered satisfactory.
Reducing Debt: 540923's debt to equity ratio has reduced from 23.8% to 13.9% over the past 5 years.
Debt Coverage: 540923's debt is not well covered by operating cash flow (19.2%).
Interest Coverage: 540923's interest payments on its debt are well covered by EBIT (4.7x coverage).