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
Recent updates
A Piece Of The Puzzle Missing From Ashoka Metcast Limited's (NSE:ASHOKAMET) 27% Share Price Climb
Oct 31
Impressive Earnings May Not Tell The Whole Story For Ashoka Metcast (NSE:ASHOKAMET)
Oct 18Does Ashoka Metcast (NSE:ASHOKAMET) Deserve A Spot On Your Watchlist?
Oct 12Ashoka Metcast Limited (NSE:ASHOKAMET) Soars 30% But It's A Story Of Risk Vs Reward
Jun 01Does Ashoka Metcast (NSE:ASHOKAMET) Have A Healthy Balance Sheet?
May 31Earnings Working Against Ashoka Metcast Limited's (NSE:ASHOKAMET) Share Price Following 26% Dive
Mar 23Ashoka Metcast Limited's (NSE:ASHOKAMET) Share Price Boosted 56% But Its Business Prospects Need A Lift Too
Jan 03Market Still Lacking Some Conviction On Ashoka Metcast Limited (NSE:ASHOKAMET)
Jul 08Financial Position Analysis
Short Term Liabilities: ASHOKAMET's short term assets (₹1.0B) exceed its short term liabilities (₹218.1M).
Long Term Liabilities: ASHOKAMET's short term assets (₹1.0B) exceed its long term liabilities (₹33.4M).
Debt to Equity History and Analysis
Debt Level: ASHOKAMET's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: ASHOKAMET's debt to equity ratio has reduced from 84.6% to 8.8% over the past 5 years.
Debt Coverage: ASHOKAMET's debt is well covered by operating cash flow (48.1%).
Interest Coverage: ASHOKAMET's interest payments on its debt are well covered by EBIT (8.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 03:19 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ashoka Metcast Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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