Steel Authority of India Balance Sheet Health
Financial Health criteria checks 4/6
Steel Authority of India has a total shareholder equity of ₹560.2B and total debt of ₹307.1B, which brings its debt-to-equity ratio to 54.8%. Its total assets and total liabilities are ₹1,296.1B and ₹735.9B respectively. Steel Authority of India's EBIT is ₹62.8B making its interest coverage ratio 3.3. It has cash and short-term investments of ₹7.7B.
Key information
54.8%
Debt to equity ratio
₹307.14b
Debt
Interest coverage ratio | 3.3x |
Cash | ₹7.65b |
Equity | ₹560.20b |
Total liabilities | ₹735.88b |
Total assets | ₹1.30t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500113's short term assets (₹372.2B) do not cover its short term liabilities (₹449.3B).
Long Term Liabilities: 500113's short term assets (₹372.2B) exceed its long term liabilities (₹286.6B).
Debt to Equity History and Analysis
Debt Level: 500113's net debt to equity ratio (53.5%) is considered high.
Reducing Debt: 500113's debt to equity ratio has reduced from 112.3% to 54.8% over the past 5 years.
Debt Coverage: 500113's debt is well covered by operating cash flow (32.4%).
Interest Coverage: 500113's interest payments on its debt are well covered by EBIT (3.3x coverage).