Electrosteel Castings Balance Sheet Health
Financial Health criteria checks 6/6
Electrosteel Castings has a total shareholder equity of ₹45.7B and total debt of ₹24.7B, which brings its debt-to-equity ratio to 54%. Its total assets and total liabilities are ₹89.6B and ₹43.9B respectively. Electrosteel Castings's EBIT is ₹9.2B making its interest coverage ratio 338. It has cash and short-term investments of ₹7.2B.
Key information
54.0%
Debt to equity ratio
₹24.69b
Debt
| Interest coverage ratio | 338x |
| Cash | ₹7.18b |
| Equity | ₹45.74b |
| Total liabilities | ₹43.89b |
| Total assets | ₹89.63b |
Recent financial health updates
Is Electrosteel Castings (NSE:ELECTCAST) Using Too Much Debt?
Dec 08
Electrosteel 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
A 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
Does Electrosteel Castings Limited (NSE:ELECTCAST) Have A Place In Your Dividend Portfolio?
Sep 06Financial Position Analysis
Short Term Liabilities: ELECTCAST's short term assets (₹45.4B) exceed its short term liabilities (₹31.4B).
Long Term Liabilities: ELECTCAST's short term assets (₹45.4B) exceed its long term liabilities (₹12.5B).
Debt to Equity History and Analysis
Debt Level: ELECTCAST's net debt to equity ratio (38.3%) is considered satisfactory.
Reducing Debt: ELECTCAST's debt to equity ratio has reduced from 66.9% to 54% over the past 5 years.
Debt Coverage: ELECTCAST's debt is well covered by operating cash flow (54.7%).
Interest Coverage: ELECTCAST's interest payments on its debt are well covered by EBIT (338x coverage).