Rama Steel Tubes Balance Sheet Health
Financial Health criteria checks 5/6
Rama Steel Tubes has a total shareholder equity of ₹3.5B and total debt of ₹1.5B, which brings its debt-to-equity ratio to 41.8%. Its total assets and total liabilities are ₹7.3B and ₹3.9B respectively. Rama Steel Tubes's EBIT is ₹529.4M making its interest coverage ratio 3.1. It has cash and short-term investments of ₹174.1M.
Key information
41.8%
Debt to equity ratio
₹1.45b
Debt
| Interest coverage ratio | 3.1x |
| Cash | ₹174.06m |
| Equity | ₹3.47b |
| Total liabilities | ₹3.87b |
| Total assets | ₹7.34b |
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
Rama 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 (₹6.0B) exceed its short term liabilities (₹3.6B).
Long Term Liabilities: RAMASTEEL's short term assets (₹6.0B) exceed its long term liabilities (₹293.7M).
Debt to Equity History and Analysis
Debt Level: RAMASTEEL's net debt to equity ratio (36.8%) is considered satisfactory.
Reducing Debt: RAMASTEEL's debt to equity ratio has reduced from 103.4% to 41.8% over the past 5 years.
Debt Coverage: RAMASTEEL's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: RAMASTEEL's interest payments on its debt are well covered by EBIT (3.1x coverage).