Ashiana Ispat Balance Sheet Health
Financial Health criteria checks 2/6
Ashiana Ispat has a total shareholder equity of ₹386.9M and total debt of ₹1.0B, which brings its debt-to-equity ratio to 261.9%. Its total assets and total liabilities are ₹1.7B and ₹1.3B respectively. Ashiana Ispat's EBIT is ₹134.8M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹1.8M.
Key information
261.9%
Debt to equity ratio
₹1.01b
Debt
| Interest coverage ratio | 1.9x |
| Cash | ₹1.79m |
| Equity | ₹386.94m |
| Total liabilities | ₹1.35b |
| Total assets | ₹1.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513401's short term assets (₹1.4B) exceed its short term liabilities (₹1.1B).
Long Term Liabilities: 513401's short term assets (₹1.4B) exceed its long term liabilities (₹243.7M).
Debt to Equity History and Analysis
Debt Level: 513401's net debt to equity ratio (261.4%) is considered high.
Reducing Debt: 513401's debt to equity ratio has increased from 152.8% to 261.9% over the past 5 years.
Debt Coverage: 513401's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 513401's interest payments on its debt are not well covered by EBIT (1.9x coverage).