Ashiana Ispat Balance Sheet Health
Financial Health criteria checks 2/6
Ashiana Ispat has a total shareholder equity of ₹375.7M and total debt of ₹932.7M, which brings its debt-to-equity ratio to 248.3%. Its total assets and total liabilities are ₹1.7B and ₹1.4B respectively. Ashiana Ispat's EBIT is ₹80.5M making its interest coverage ratio 1.1. It has cash and short-term investments of ₹19.2M.
Key information
248.3%
Debt to equity ratio
₹932.68m
Debt
Interest coverage ratio | 1.1x |
Cash | ₹19.20m |
Equity | ₹375.68m |
Total liabilities | ₹1.37b |
Total assets | ₹1.75b |
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 (₹310.0M).
Debt to Equity History and Analysis
Debt Level: 513401's net debt to equity ratio (243.2%) is considered high.
Reducing Debt: 513401's debt to equity ratio has increased from 111% to 248.3% 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 (1.1x coverage).