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
Is Manaksia Steels (NSE:MANAKSTEEL) A Risky Investment?
Aug 09
Here's Why Manaksia Steels (NSE:MANAKSTEEL) Can Manage Its Debt Responsibly
Jan 12Manaksia Steels (NSE:MANAKSTEEL) Could Easily Take On More Debt
Aug 10Is Manaksia Steels (NSE:MANAKSTEEL) Using Too Much Debt?
Mar 24Manaksia Steels (NSE:MANAKSTEEL) Could Easily Take On More Debt
Dec 23
Is Manaksia Steels (NSE:MANAKSTEEL) A Risky Investment?
Jul 20Recent updates
Returns On Capital At Manaksia Steels (NSE:MANAKSTEEL) Have Hit The Brakes
Apr 04Lacklustre Performance Is Driving Manaksia Steels Limited's (NSE:MANAKSTEEL) 29% Price Drop
Mar 07Manaksia Steels Limited (NSE:MANAKSTEEL) Surges 29% Yet Its Low P/E Is No Reason For Excitement
Jan 19Returns On Capital At Manaksia Steels (NSE:MANAKSTEEL) Have Stalled
Dec 28Is Manaksia Steels (NSE:MANAKSTEEL) A Risky Investment?
Aug 09The Returns On Capital At Manaksia Steels (NSE:MANAKSTEEL) Don't Inspire Confidence
Jun 28The Returns On Capital At Manaksia Steels (NSE:MANAKSTEEL) Don't Inspire Confidence
Feb 08Here's Why Manaksia Steels (NSE:MANAKSTEEL) Can Manage Its Debt Responsibly
Jan 12Manaksia Steels' (NSE:MANAKSTEEL) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Nov 22We Think Some Shareholders May Hesitate To Increase Manaksia Steels Limited's (NSE:MANAKSTEEL) CEO Compensation
Sep 21We Like These Underlying Return On Capital Trends At Manaksia Steels (NSE:MANAKSTEEL)
Jun 28Should You Be Adding Manaksia Steels (NSE:MANAKSTEEL) To Your Watchlist Today?
Jun 02Manaksia Steels (NSE:MANAKSTEEL) Shareholders Will Want The ROCE Trajectory To Continue
Mar 15Here's Why I Think Manaksia Steels (NSE:MANAKSTEEL) Might Deserve Your Attention Today
Feb 23Investors Will Want Manaksia Steels' (NSE:MANAKSTEEL) Growth In ROCE To Persist
Nov 24If You Like EPS Growth Then Check Out Manaksia Steels (NSE:MANAKSTEEL) Before It's Too Late
Oct 25Manaksia Steels (NSE:MANAKSTEEL) Could Easily Take On More Debt
Aug 10Here's Why I Think Manaksia Steels (NSE:MANAKSTEEL) Might Deserve Your Attention Today
Jul 13Is Manaksia Steels (NSE:MANAKSTEEL) Using Too Much Debt?
Mar 24Here's Why We Think Manaksia Steels (NSE:MANAKSTEEL) Is Well Worth Watching
Feb 17How Much Is Manaksia Steels Limited (NSE:MANAKSTEEL) CEO Getting Paid?
Jan 22Manaksia Steels (NSE:MANAKSTEEL) Could Easily Take On More Debt
Dec 23Can Manaksia Steels (NSE:MANAKSTEEL) Continue To Grow Its Returns On Capital?
Nov 27Key Things To Understand About Manaksia Steels' (NSE:MANAKSTEEL) CEO Pay Cheque
Oct 23Improved Earnings Required Before Manaksia Steels Limited (NSE:MANAKSTEEL) Stock's 25% Jump Looks Justified
Sep 18Is Manaksia Steels (NSE:MANAKSTEEL) Likely To Turn Things Around?
Aug 24Is Manaksia Steels (NSE:MANAKSTEEL) A Risky Investment?
Jul 20Financial Position Analysis
Short Term Liabilities: MANAKSTEEL's short term assets (₹2.5B) exceed its short term liabilities (₹712.5M).
Long Term Liabilities: MANAKSTEEL's short term assets (₹2.5B) exceed its long term liabilities (₹107.8M).
Debt to Equity History and Analysis
Debt Level: MANAKSTEEL has more cash than its total debt.
Reducing Debt: MANAKSTEEL's debt to equity ratio has reduced from 6.2% to 4.7% over the past 5 years.
Debt Coverage: MANAKSTEEL's debt is well covered by operating cash flow (378.9%).
Interest Coverage: MANAKSTEEL's interest payments on its debt are well covered by EBIT (16.5x coverage).