Panchmahal Steel Balance Sheet Health
Financial Health criteria checks 6/6
Panchmahal Steel has a total shareholder equity of ₹1.6B and total debt of ₹416.7M, which brings its debt-to-equity ratio to 25.9%. Its total assets and total liabilities are ₹2.4B and ₹818.8M respectively. Panchmahal Steel's EBIT is ₹129.9M making its interest coverage ratio 3.1. It has cash and short-term investments of ₹95.8M.
Key information
25.9%
Debt to equity ratio
₹416.73m
Debt
| Interest coverage ratio | 3.1x |
| Cash | ₹95.77m |
| Equity | ₹1.61b |
| Total liabilities | ₹818.75m |
| Total assets | ₹2.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513511's short term assets (₹1.8B) exceed its short term liabilities (₹742.3M).
Long Term Liabilities: 513511's short term assets (₹1.8B) exceed its long term liabilities (₹76.4M).
Debt to Equity History and Analysis
Debt Level: 513511's net debt to equity ratio (20%) is considered satisfactory.
Reducing Debt: 513511's debt to equity ratio has reduced from 57.3% to 25.9% over the past 5 years.
Debt Coverage: 513511's debt is well covered by operating cash flow (63.4%).
Interest Coverage: 513511's interest payments on its debt are well covered by EBIT (3.1x coverage).