Scan Steels Balance Sheet Health
Financial Health criteria checks 5/6
Scan Steels has a total shareholder equity of ₹3.7B and total debt of ₹1.1B, which brings its debt-to-equity ratio to 28.8%. Its total assets and total liabilities are ₹5.8B and ₹2.1B respectively. Scan Steels's EBIT is ₹320.9M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹95.7M.
Key information
28.8%
Debt to equity ratio
₹1.08b
Debt
Interest coverage ratio | 1.9x |
Cash | ₹95.66m |
Equity | ₹3.75b |
Total liabilities | ₹2.06b |
Total assets | ₹5.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 511672's short term assets (₹2.4B) exceed its short term liabilities (₹1.5B).
Long Term Liabilities: 511672's short term assets (₹2.4B) exceed its long term liabilities (₹599.6M).
Debt to Equity History and Analysis
Debt Level: 511672's net debt to equity ratio (26.2%) is considered satisfactory.
Reducing Debt: 511672's debt to equity ratio has reduced from 62.2% to 28.8% over the past 5 years.
Debt Coverage: 511672's debt is well covered by operating cash flow (48.4%).
Interest Coverage: 511672's interest payments on its debt are not well covered by EBIT (1.9x coverage).