S.A.L. Steel Balance Sheet Health
Financial Health criteria checks 5/6
S.A.L. Steel has a total shareholder equity of ₹418.6M and total debt of ₹1.3B, which brings its debt-to-equity ratio to 298.6%. Its total assets and total liabilities are ₹3.0B and ₹2.6B respectively. S.A.L. Steel's EBIT is ₹96.6M making its interest coverage ratio 0.8. It has cash and short-term investments of ₹9.4M.
Key information
298.6%
Debt to equity ratio
₹1.25b
Debt
| Interest coverage ratio | 0.8x |
| Cash | ₹9.40m |
| Equity | ₹418.60m |
| Total liabilities | ₹2.62b |
| Total assets | ₹3.04b |
Recent financial health updates
S.A.L. Steel (NSE:SALSTEEL) Has A Pretty Healthy Balance Sheet
Feb 07
Is S.A.L. Steel (NSE:SALSTEEL) Using Too Much Debt?
Jul 26Does S.A.L. Steel (NSE:SALSTEEL) Have A Healthy Balance Sheet?
Feb 22These 4 Measures Indicate That S.A.L. Steel (NSE:SALSTEEL) Is Using Debt Extensively
Mar 29Is S.A.L. Steel (NSE:SALSTEEL) A Risky Investment?
Dec 10Is S.A.L. Steel (NSE:SALSTEEL) A Risky Investment?
Jul 03Recent updates
S.A.L. Steel Limited (NSE:SALSTEEL) Might Not Be As Mispriced As It Looks After Plunging 27%
Mar 08S.A.L. Steel (NSE:SALSTEEL) Has A Pretty Healthy Balance Sheet
Feb 07Market Cool On S.A.L. Steel Limited's (NSE:SALSTEEL) Revenues
Dec 20S.A.L. Steel (NSE:SALSTEEL) Is Doing The Right Things To Multiply Its Share Price
Nov 22Is S.A.L. Steel (NSE:SALSTEEL) Using Too Much Debt?
Jul 26Does S.A.L. Steel (NSE:SALSTEEL) Have A Healthy Balance Sheet?
Feb 22Returns On Capital Are Showing Encouraging Signs At S.A.L. Steel (NSE:SALSTEEL)
Jan 13These 4 Measures Indicate That S.A.L. Steel (NSE:SALSTEEL) Is Using Debt Extensively
Mar 29A Look At The Fair Value Of S.A.L. Steel Limited (NSE:SALSTEEL)
Feb 15Is S.A.L. Steel (NSE:SALSTEEL) A Risky Investment?
Dec 10Calculating The Fair Value Of S.A.L. Steel Limited (NSE:SALSTEEL)
Aug 19Is S.A.L. Steel (NSE:SALSTEEL) A Risky Investment?
Jul 03Will The ROCE Trend At S.A.L. Steel (NSE:SALSTEEL) Continue?
Jan 07Is S.A.L. Steel (NSE:SALSTEEL) Using Debt In A Risky Way?
Nov 16We Think S.A.L. Steel (NSE:SALSTEEL) Is Taking Some Risk With Its Debt
Aug 03
Financial Position Analysis
Short Term Liabilities: SALSTEEL's short term assets (₹1.7B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: SALSTEEL's short term assets (₹1.7B) exceed its long term liabilities (₹1.5B).
Debt to Equity History and Analysis
Debt Level: SALSTEEL's net debt to equity ratio (296.4%) is considered high.
Reducing Debt: SALSTEEL's debt to equity ratio has reduced from 948.1% to 298.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SALSTEEL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SALSTEEL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.3% per year.