Vardhman Special Steels Balance Sheet Health
Financial Health criteria checks 6/6
Vardhman Special Steels has a total shareholder equity of ₹6.6B and total debt of ₹1.7B, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are ₹10.9B and ₹4.2B respectively. Vardhman Special Steels's EBIT is ₹1.1B making its interest coverage ratio 6.9. It has cash and short-term investments of ₹615.2M.
Key information
25.6%
Debt to equity ratio
₹1.70b
Debt
Interest coverage ratio | 6.9x |
Cash | ₹615.20m |
Equity | ₹6.63b |
Total liabilities | ₹4.22b |
Total assets | ₹10.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 534392's short term assets (₹7.3B) exceed its short term liabilities (₹3.7B).
Long Term Liabilities: 534392's short term assets (₹7.3B) exceed its long term liabilities (₹493.1M).
Debt to Equity History and Analysis
Debt Level: 534392's net debt to equity ratio (16.3%) is considered satisfactory.
Reducing Debt: 534392's debt to equity ratio has reduced from 75.7% to 25.6% over the past 5 years.
Debt Coverage: 534392's debt is well covered by operating cash flow (74.7%).
Interest Coverage: 534392's interest payments on its debt are well covered by EBIT (6.9x coverage).