Manaksia Steels Balance Sheet Health
Financial Health criteria checks 3/6
Manaksia Steels has a total shareholder equity of ₹3.0B and total debt of ₹1.3B, which brings its debt-to-equity ratio to 44.1%. Its total assets and total liabilities are ₹4.7B and ₹1.7B respectively. Manaksia Steels's EBIT is ₹97.8M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹638.1M.
Key information
44.1%
Debt to equity ratio
₹1.32b
Debt
| Interest coverage ratio | 1.7x |
| Cash | ₹638.14m |
| Equity | ₹3.00b |
| Total liabilities | ₹1.74b |
| Total assets | ₹4.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539044's short term assets (₹2.9B) exceed its short term liabilities (₹1.6B).
Long Term Liabilities: 539044's short term assets (₹2.9B) exceed its long term liabilities (₹104.2M).
Debt to Equity History and Analysis
Debt Level: 539044's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: 539044's debt to equity ratio has increased from 8.8% to 44.1% over the past 5 years.
Debt Coverage: 539044's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 539044's interest payments on its debt are not well covered by EBIT (1.7x coverage).