Tamilnadu Steel Tubes Balance Sheet Health
Financial Health criteria checks 3/6
Tamilnadu Steel Tubes has a total shareholder equity of ₹93.2M and total debt of ₹60.3M, which brings its debt-to-equity ratio to 64.6%. Its total assets and total liabilities are ₹312.8M and ₹219.5M respectively. Tamilnadu Steel Tubes's EBIT is ₹10.8M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹546.0K.
Key information
64.6%
Debt to equity ratio
₹60.27m
Debt
Interest coverage ratio | 1.9x |
Cash | ₹546.00k |
Equity | ₹93.24m |
Total liabilities | ₹219.53m |
Total assets | ₹312.78m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513540's short term assets (₹284.6M) exceed its short term liabilities (₹74.9M).
Long Term Liabilities: 513540's short term assets (₹284.6M) exceed its long term liabilities (₹144.6M).
Debt to Equity History and Analysis
Debt Level: 513540's net debt to equity ratio (64.1%) is considered high.
Reducing Debt: 513540's debt to equity ratio has increased from 29.4% to 64.6% over the past 5 years.
Debt Coverage: 513540's debt is well covered by operating cash flow (44.5%).
Interest Coverage: 513540's interest payments on its debt are not well covered by EBIT (1.9x coverage).