Panchmahal Steel Balance Sheet Health
Financial Health criteria checks 5/6
Panchmahal Steel has a total shareholder equity of ₹1.5B and total debt of ₹593.7M, which brings its debt-to-equity ratio to 38.4%. Its total assets and total liabilities are ₹2.8B and ₹1.2B respectively. Panchmahal Steel's EBIT is ₹122.3M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹68.4M.
Key information
38.4%
Debt to equity ratio
₹593.66m
Debt
Interest coverage ratio | 1.7x |
Cash | ₹68.38m |
Equity | ₹1.55b |
Total liabilities | ₹1.24b |
Total assets | ₹2.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513511's short term assets (₹2.0B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: 513511's short term assets (₹2.0B) exceed its long term liabilities (₹79.2M).
Debt to Equity History and Analysis
Debt Level: 513511's net debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: 513511's debt to equity ratio has reduced from 54.9% to 38.4% over the past 5 years.
Debt Coverage: 513511's debt is well covered by operating cash flow (64.3%).
Interest Coverage: 513511's interest payments on its debt are not well covered by EBIT (1.7x coverage).