Electrosteel Castings Balance Sheet Health
Financial Health criteria checks 6/6
Electrosteel Castings has a total shareholder equity of ₹54.4B and total debt of ₹18.6B, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are ₹91.5B and ₹37.1B respectively. Electrosteel Castings's EBIT is ₹12.2B making its interest coverage ratio 11.2. It has cash and short-term investments of ₹3.7B.
Key information
34.2%
Debt to equity ratio
₹18.59b
Debt
| Interest coverage ratio | 11.2x |
| Cash | ₹3.68b |
| Equity | ₹54.39b |
| Total liabilities | ₹37.12b |
| Total assets | ₹91.51b |
Recent financial health updates
Is Electrosteel Castings (NSE:ELECTCAST) A Risky Investment?
Jul 03
Is Electrosteel Castings (NSE:ELECTCAST) Using Too Much Debt?
Dec 08Electrosteel Castings (NSE:ELECTCAST) Takes On Some Risk With Its Use Of Debt
Jun 03Electrosteel Castings (NSE:ELECTCAST) Has A Somewhat Strained Balance Sheet
Jan 23Electrosteel Castings (NSE:ELECTCAST) Seems To Be Using A Lot Of Debt
Dec 16Recent updates
Do Electrosteel Castings' (NSE:ELECTCAST) Earnings Warrant Your Attention?
Dec 17Calculating The Intrinsic Value Of Electrosteel Castings Limited (NSE:ELECTCAST)
Nov 29₹202: That's What Analysts Think Electrosteel Castings Limited (NSE:ELECTCAST) Is Worth After Its Latest Results
Nov 02Electrosteel Castings Limited's (NSE:ELECTCAST) Low P/E No Reason For Excitement
Oct 04Shareholders Would Not Be Objecting To Electrosteel Castings Limited's (NSE:ELECTCAST) CEO Compensation And Here's Why
Aug 17Electrosteel Castings Limited (NSE:ELECTCAST) Shares Fly 28% But Investors Aren't Buying For Growth
Jul 05Is Electrosteel Castings (NSE:ELECTCAST) A Risky Investment?
Jul 03Should You Be Adding Electrosteel Castings (NSE:ELECTCAST) To Your Watchlist Today?
May 25A Piece Of The Puzzle Missing From Electrosteel Castings Limited's (NSE:ELECTCAST) 33% Share Price Climb
Apr 13Estimating The Fair Value Of Electrosteel Castings Limited (NSE:ELECTCAST)
Mar 13Electrosteel Castings Limited's (NSE:ELECTCAST) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Jan 20Is Electrosteel Castings (NSE:ELECTCAST) Using Too Much Debt?
Dec 08Electrosteel Castings' (NSE:ELECTCAST) Upcoming Dividend Will Be Larger Than Last Year's
Sep 01Electrosteel Castings (NSE:ELECTCAST) Will Pay A Larger Dividend Than Last Year At ₹0.90
Aug 17Electrosteel Castings (NSE:ELECTCAST) Takes On Some Risk With Its Use Of Debt
Jun 03Electrosteel Castings' (NSE:ELECTCAST) Solid Profits Have Weak Fundamentals
May 18Electrosteel Castings (NSE:ELECTCAST) Has A Somewhat Strained Balance Sheet
Jan 23Electrosteel Castings (NSE:ELECTCAST) Is Reducing Its Dividend To ₹0.25
Aug 13Know This Before Buying Electrosteel Castings Limited (NSE:ELECTCAST) For Its Dividend
Apr 30The Electrosteel Castings (NSE:ELECTCAST) Share Price Has Gained 48% And Shareholders Are Hoping For More
Feb 24Should You Buy Electrosteel Castings Limited (NSE:ELECTCAST) For Its Dividend?
Jan 20Electrosteel Castings (NSE:ELECTCAST) Seems To Be Using A Lot Of Debt
Dec 16Electrosteel Castings (NSE:ELECTCAST) Shareholders Booked A 55% Gain In The Last Year
Nov 11Does Electrosteel Castings' (NSE:ELECTCAST) Returns On Capital Reflect Well On The Business?
Oct 03
Financial Position Analysis
Short Term Liabilities: ELECTCAST's short term assets (₹44.7B) exceed its short term liabilities (₹26.7B).
Long Term Liabilities: ELECTCAST's short term assets (₹44.7B) exceed its long term liabilities (₹10.4B).
Debt to Equity History and Analysis
Debt Level: ELECTCAST's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: ELECTCAST's debt to equity ratio has reduced from 64.8% to 34.2% over the past 5 years.
Debt Coverage: ELECTCAST's debt is well covered by operating cash flow (41.6%).
Interest Coverage: ELECTCAST's interest payments on its debt are well covered by EBIT (11.2x coverage).