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.