Hisar Metal Industries Balance Sheet Health
Financial Health criteria checks 3/6
Hisar Metal Industries has a total shareholder equity of ₹581.3M and total debt of ₹700.6M, which brings its debt-to-equity ratio to 120.5%. Its total assets and total liabilities are ₹1.4B and ₹865.9M respectively. Hisar Metal Industries's EBIT is ₹142.6M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹48.1M.
Key information
120.5%
Debt to equity ratio
₹700.60m
Debt
Interest coverage ratio | 2.8x |
Cash | ₹48.10m |
Equity | ₹581.30m |
Total liabilities | ₹865.90m |
Total assets | ₹1.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 590018's short term assets (₹1.2B) exceed its short term liabilities (₹637.7M).
Long Term Liabilities: 590018's short term assets (₹1.2B) exceed its long term liabilities (₹228.2M).
Debt to Equity History and Analysis
Debt Level: 590018's net debt to equity ratio (112.2%) is considered high.
Reducing Debt: 590018's debt to equity ratio has reduced from 147.8% to 120.5% over the past 5 years.
Debt Coverage: 590018's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: 590018's interest payments on its debt are not well covered by EBIT (2.8x coverage).