Transteel Seating Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Transteel Seating Technologies has a total shareholder equity of ₹244.4M and total debt of ₹269.1M, which brings its debt-to-equity ratio to 110.1%. Its total assets and total liabilities are ₹834.7M and ₹590.3M respectively. Transteel Seating Technologies's EBIT is ₹148.5M making its interest coverage ratio 6.6. It has cash and short-term investments of ₹14.3M.
Key information
110.1%
Debt to equity ratio
₹269.11m
Debt
Interest coverage ratio | 6.6x |
Cash | ₹14.34m |
Equity | ₹244.41m |
Total liabilities | ₹590.30m |
Total assets | ₹834.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRANSTEEL's short term assets (₹509.4M) exceed its short term liabilities (₹426.7M).
Long Term Liabilities: TRANSTEEL's short term assets (₹509.4M) exceed its long term liabilities (₹163.5M).
Debt to Equity History and Analysis
Debt Level: TRANSTEEL's net debt to equity ratio (104.2%) is considered high.
Reducing Debt: Insufficient data to determine if TRANSTEEL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TRANSTEEL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TRANSTEEL's interest payments on its debt are well covered by EBIT (6.6x coverage).