Modern Steels Balance Sheet Health
Financial Health criteria checks 5/6
Modern Steels has a total shareholder equity of ₹133.3M and total debt of ₹2.1M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are ₹139.5M and ₹6.2M respectively. Modern Steels's EBIT is ₹1.2M making its interest coverage ratio -0.2. It has cash and short-term investments of ₹200.0K.
Key information
1.6%
Debt to equity ratio
₹2.10m
Debt
| Interest coverage ratio | -0.2x |
| Cash | ₹200.00k |
| Equity | ₹133.30m |
| Total liabilities | ₹6.20m |
| Total assets | ₹139.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513303's short term assets (₹138.6M) exceed its short term liabilities (₹6.2M).
Long Term Liabilities: 513303 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 513303's net debt to equity ratio (1.4%) is considered satisfactory.
Reducing Debt: 513303 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 513303's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 513303 earns more interest than it pays, so coverage of interest payments is not a concern.