Zenith Steel Pipes & Industries Balance Sheet Health
Financial Health criteria checks 0/6
Zenith Steel Pipes & Industries has a total shareholder equity of ₹-2.6B and total debt of ₹2.2B, which brings its debt-to-equity ratio to -83%. Its total assets and total liabilities are ₹1.8B and ₹4.4B respectively. Zenith Steel Pipes & Industries's EBIT is ₹68.7M making its interest coverage ratio 2.6. It has cash and short-term investments of ₹18.1M.
Key information
-83.0%
Debt to equity ratio
₹2.15b
Debt
| Interest coverage ratio | 2.6x |
| Cash | ₹18.15m |
| Equity | -₹2.59b |
| Total liabilities | ₹4.39b |
| Total assets | ₹1.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531845 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 531845 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 531845 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 531845's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 531845's debt is not well covered by operating cash flow (1.3%).
Interest Coverage: 531845's interest payments on its debt are not well covered by EBIT (2.6x coverage).