MSP Steel & Power Balance Sheet Health
Financial Health criteria checks 2/6
MSP Steel & Power has a total shareholder equity of ₹5.7B and total debt of ₹8.0B, which brings its debt-to-equity ratio to 141.6%. Its total assets and total liabilities are ₹15.9B and ₹10.2B respectively. MSP Steel & Power's EBIT is ₹961.5M making its interest coverage ratio 1.3. It has cash and short-term investments of ₹188.4M.
Key information
141.6%
Debt to equity ratio
₹8.03b
Debt
| Interest coverage ratio | 1.3x |
| Cash | ₹188.41m |
| Equity | ₹5.67b |
| Total liabilities | ₹10.18b |
| Total assets | ₹15.85b |
Recent financial health updates
These 4 Measures Indicate That MSP Steel & Power (NSE:MSPL) Is Using Debt Reasonably Well
Mar 13
MSP Steel & Power (NSE:MSPL) Use Of Debt Could Be Considered Risky
Jul 26MSP Steel & Power (NSE:MSPL) Has A Somewhat Strained Balance Sheet
Mar 29We Think MSP Steel & Power (NSE:MSPL) Is Taking Some Risk With Its Debt
Dec 29Is MSP Steel & Power (NSE:MSPL) A Risky Investment?
Aug 02MSP Steel & Power (NSE:MSPL) Takes On Some Risk With Its Use Of Debt
Jan 09Recent updates
These 4 Measures Indicate That MSP Steel & Power (NSE:MSPL) Is Using Debt Reasonably Well
Mar 13MSP Steel & Power (NSE:MSPL) Might Have The Makings Of A Multi-Bagger
Jan 25Returns On Capital Signal Difficult Times Ahead For MSP Steel & Power (NSE:MSPL)
Sep 26MSP Steel & Power (NSE:MSPL) Use Of Debt Could Be Considered Risky
Jul 26MSP Steel & Power (NSE:MSPL) Has Some Difficulty Using Its Capital Effectively
Jun 08MSP Steel & Power (NSE:MSPL) Has A Somewhat Strained Balance Sheet
Mar 29MSP Steel & Power Limited's (NSE:MSPL) Business And Shares Still Trailing The Market
Jun 17MSP Steel & Power (NSE:MSPL) Might Have The Makings Of A Multi-Bagger
Feb 15We Think MSP Steel & Power (NSE:MSPL) Is Taking Some Risk With Its Debt
Dec 29Statutory Profit Doesn't Reflect How Good MSP Steel & Power's (NSE:MSPL) Earnings Are
Nov 23Is MSP Steel & Power (NSE:MSPL) A Risky Investment?
Aug 02Returns At MSP Steel & Power (NSE:MSPL) Are On The Way Up
Jun 14Is MSP Steel & Power (NSE:MSPL) A Future Multi-bagger?
Mar 03MSP Steel & Power (NSE:MSPL) Takes On Some Risk With Its Use Of Debt
Jan 09What Can The Trends At MSP Steel & Power (NSE:MSPL) Tell Us About Their Returns?
Nov 17Is MSP Steel & Power (NSE:MSPL) A Risky Investment?
Sep 15
Will MSP Steel & Power's (NSE:MSPL) Growth In ROCE Persist?
Jul 23Financial Position Analysis
Short Term Liabilities: MSPL's short term assets (₹6.8B) exceed its short term liabilities (₹5.1B).
Long Term Liabilities: MSPL's short term assets (₹6.8B) exceed its long term liabilities (₹5.1B).
Debt to Equity History and Analysis
Debt Level: MSPL's net debt to equity ratio (138.3%) is considered high.
Reducing Debt: MSPL's debt to equity ratio has increased from 128.4% to 141.6% over the past 5 years.
Debt Coverage: MSPL's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: MSPL's interest payments on its debt are not well covered by EBIT (1.3x coverage).