Rama Steel Tubes Balance Sheet Health
Financial Health criteria checks 6/6
Rama Steel Tubes has a total shareholder equity of ₹3.7B and total debt of ₹951.9M, which brings its debt-to-equity ratio to 26.1%. Its total assets and total liabilities are ₹6.7B and ₹3.0B respectively. Rama Steel Tubes's EBIT is ₹470.8M making its interest coverage ratio 3.6. It has cash and short-term investments of ₹86.5M.
Key information
26.1%
Debt to equity ratio
₹951.91m
Debt
| Interest coverage ratio | 3.6x |
| Cash | ₹86.54m |
| Equity | ₹3.65b |
| Total liabilities | ₹3.05b |
| Total assets | ₹6.70b |
Recent financial health updates
Rama Steel Tubes (NSE:RAMASTEEL) Has A Pretty Healthy Balance Sheet
Aug 01
Rama Steel Tubes (NSE:RAMASTEEL) Seems To Be Using A Lot Of Debt
Jan 04
Recent updates
Revenues Tell The Story For Rama Steel Tubes Limited (NSE:RAMASTEEL) As Its Stock Soars 53%
Sep 17Rama Steel Tubes Limited's (NSE:RAMASTEEL) Business Is Yet to Catch Up With Its Share Price
Aug 03Solid Earnings May Not Tell The Whole Story For Rama Steel Tubes (NSE:RAMASTEEL)
Jun 07Rama Steel Tubes (NSE:RAMASTEEL) Hasn't Managed To Accelerate Its Returns
Mar 14Why Investors Shouldn't Be Surprised By Rama Steel Tubes Limited's (NSE:RAMASTEEL) 25% Share Price Surge
Jan 27Do Rama Steel Tubes' (NSE:RAMASTEEL) Earnings Warrant Your Attention?
Sep 28Returns On Capital Signal Tricky Times Ahead For Rama Steel Tubes (NSE:RAMASTEEL)
Apr 06Do Rama Steel Tubes's (NSE:RAMASTEEL) Earnings Warrant Your Attention?
Dec 23Rama Steel Tubes' (NSE:RAMASTEEL) Earnings Are Weaker Than They Seem
Nov 20There Are Reasons To Feel Uneasy About Rama Steel Tubes' (NSE:RAMASTEEL) Returns On Capital
Oct 11Rama Steel Tubes (NSE:RAMASTEEL) Has A Pretty Healthy Balance Sheet
Aug 01Rama Steel Tubes (NSE:RAMASTEEL) May Have Issues Allocating Its Capital
May 11Rama Steel Tubes Limited (NSE:RAMASTEEL) Insiders Increased Their Holdings
Mar 11How Much Does Rama Steel Tubes' (NSE:RAMASTEEL) CEO Make?
Feb 18What Do The Returns On Capital At Rama Steel Tubes (NSE:RAMASTEEL) Tell Us?
Jan 31Rama Steel Tubes (NSE:RAMASTEEL) Seems To Be Using A Lot Of Debt
Jan 04Rama Steel Tubes Limited's (NSE:RAMASTEEL) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Dec 17Naresh Bansal Is The Chairman & MD of Rama Steel Tubes Limited (NSE:RAMASTEEL) And Just Spent ₹1.1m On Shares
Nov 29Here's What We Learned About The CEO Pay At Rama Steel Tubes Limited (NSE:RAMASTEEL)
Nov 19Financial Position Analysis
Short Term Liabilities: RAMASTEEL's short term assets (₹5.2B) exceed its short term liabilities (₹2.9B).
Long Term Liabilities: RAMASTEEL's short term assets (₹5.2B) exceed its long term liabilities (₹127.8M).
Debt to Equity History and Analysis
Debt Level: RAMASTEEL's net debt to equity ratio (23.7%) is considered satisfactory.
Reducing Debt: RAMASTEEL's debt to equity ratio has reduced from 87.9% to 26.1% over the past 5 years.
Debt Coverage: RAMASTEEL's debt is well covered by operating cash flow (24.3%).
Interest Coverage: RAMASTEEL's interest payments on its debt are well covered by EBIT (3.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 21:02 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Rama Steel Tubes Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Anil Burra | FirstCall Research |
| Harini V. | FirstCall Research |