Kanishk Steel Industries Balance Sheet Health
Financial Health criteria checks 3/6
Kanishk Steel Industries has a total shareholder equity of ₹948.4M and total debt of ₹494.3M, which brings its debt-to-equity ratio to 52.1%. Its total assets and total liabilities are ₹1.7B and ₹772.1M respectively. Kanishk Steel Industries's EBIT is ₹103.6M making its interest coverage ratio 3.3. It has cash and short-term investments of ₹36.6M.
Key information
52.1%
Debt to equity ratio
₹494.31m
Debt
Interest coverage ratio | 3.3x |
Cash | ₹36.57m |
Equity | ₹948.41m |
Total liabilities | ₹772.10m |
Total assets | ₹1.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513456's short term assets (₹991.7M) exceed its short term liabilities (₹485.4M).
Long Term Liabilities: 513456's short term assets (₹991.7M) exceed its long term liabilities (₹286.7M).
Debt to Equity History and Analysis
Debt Level: 513456's net debt to equity ratio (48.3%) is considered high.
Reducing Debt: 513456's debt to equity ratio has increased from 19.5% to 52.1% over the past 5 years.
Debt Coverage: 513456's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 513456's interest payments on its debt are well covered by EBIT (3.3x coverage).