Modern Steels Limited

BSE:513303 Stock Report

Market Cap: ₹294.7m

Modern Steels Balance Sheet Health

Financial Health criteria checks 6/6

Modern Steels has a total shareholder equity of ₹133.9M and total debt of ₹2.1M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are ₹139.1M and ₹5.2M respectively. Modern Steels's EBIT is ₹8.9M making its interest coverage ratio -1.2. It has cash and short-term investments of ₹9.8M.

Key information

1.6%

Debt to equity ratio

₹2.10m

Debt

Interest coverage ratio-1.2x
Cash₹9.80m
Equity₹133.90m
Total liabilities₹5.18m
Total assets₹139.14m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 513303's short term assets (₹138.3M) exceed its short term liabilities (₹5.2M).

Long Term Liabilities: 513303 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 513303 has more cash than its total debt.

Reducing Debt: 513303 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: 513303's debt is well covered by operating cash flow (221.7%).

Interest Coverage: 513303 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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