Manaksia Steels Balance Sheet Health
Financial Health criteria checks 6/6
Manaksia Steels has a total shareholder equity of ₹3.1B and total debt of ₹147.2M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are ₹3.9B and ₹820.3M respectively. Manaksia Steels's EBIT is ₹353.4M making its interest coverage ratio 16.5. It has cash and short-term investments of ₹1.4B.
Key information
4.7%
Debt to equity ratio
₹147.16m
Debt
Interest coverage ratio | 16.5x |
Cash | ₹1.41b |
Equity | ₹3.12b |
Total liabilities | ₹820.30m |
Total assets | ₹3.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539044's short term assets (₹2.5B) exceed its short term liabilities (₹712.5M).
Long Term Liabilities: 539044's short term assets (₹2.5B) exceed its long term liabilities (₹107.8M).
Debt to Equity History and Analysis
Debt Level: 539044 has more cash than its total debt.
Reducing Debt: 539044's debt to equity ratio has reduced from 6.2% to 4.7% over the past 5 years.
Debt Coverage: 539044's debt is well covered by operating cash flow (378.9%).
Interest Coverage: 539044's interest payments on its debt are well covered by EBIT (16.5x coverage).