Welcast Steels Balance Sheet Health
Financial Health criteria checks 6/6
Welcast Steels has a total shareholder equity of ₹403.1M and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹498.1M and ₹95.0M respectively. Welcast Steels's EBIT is ₹17.0M making its interest coverage ratio 15.5. It has cash and short-term investments of ₹224.6M.
Key information
0%
Debt to equity ratio
₹0
Debt
| Interest coverage ratio | 15.5x |
| Cash | ₹224.64m |
| Equity | ₹403.13m |
| Total liabilities | ₹95.02m |
| Total assets | ₹498.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 504988's short term assets (₹426.5M) exceed its short term liabilities (₹90.6M).
Long Term Liabilities: 504988's short term assets (₹426.5M) exceed its long term liabilities (₹4.4M).
Debt to Equity History and Analysis
Debt Level: 504988 is debt free.
Reducing Debt: 504988 has no debt compared to 5 years ago when its debt to equity ratio was 3.4%.
Debt Coverage: 504988 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 504988 has no debt, therefore coverage of interest payments is not a concern.