Sunflag Iron and Steel Balance Sheet Health
Financial Health criteria checks 5/6
Sunflag Iron and Steel has a total shareholder equity of ₹51.7B and total debt of ₹6.7B, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are ₹70.2B and ₹18.6B respectively. Sunflag Iron and Steel's EBIT is ₹2.7B making its interest coverage ratio 2.8. It has cash and short-term investments of ₹2.5B.
Key information
13.0%
Debt to equity ratio
₹6.70b
Debt
Interest coverage ratio | 2.8x |
Cash | ₹2.53b |
Equity | ₹51.65b |
Total liabilities | ₹18.57b |
Total assets | ₹70.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500404's short term assets (₹15.2B) exceed its short term liabilities (₹10.5B).
Long Term Liabilities: 500404's short term assets (₹15.2B) exceed its long term liabilities (₹8.1B).
Debt to Equity History and Analysis
Debt Level: 500404's net debt to equity ratio (8.1%) is considered satisfactory.
Reducing Debt: 500404's debt to equity ratio has reduced from 37.4% to 13% over the past 5 years.
Debt Coverage: 500404's debt is well covered by operating cash flow (36.5%).
Interest Coverage: 500404's interest payments on its debt are not well covered by EBIT (2.8x coverage).