Rama Steel Tubes Balance Sheet Health
Financial Health criteria checks 5/6
Rama Steel Tubes has a total shareholder equity of ₹3.3B and total debt of ₹1.4B, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are ₹6.7B and ₹3.5B respectively. Rama Steel Tubes's EBIT is ₹645.9M making its interest coverage ratio 3.2. It has cash and short-term investments of ₹333.5M.
Key information
43.8%
Debt to equity ratio
₹1.42b
Debt
Interest coverage ratio | 3.2x |
Cash | ₹333.50m |
Equity | ₹3.25b |
Total liabilities | ₹3.46b |
Total assets | ₹6.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539309's short term assets (₹5.3B) exceed its short term liabilities (₹3.2B).
Long Term Liabilities: 539309's short term assets (₹5.3B) exceed its long term liabilities (₹265.8M).
Debt to Equity History and Analysis
Debt Level: 539309's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: 539309's debt to equity ratio has reduced from 85.3% to 43.8% over the past 5 years.
Debt Coverage: 539309's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 539309's interest payments on its debt are well covered by EBIT (3.2x coverage).