Steel Exchange India Balance Sheet Health
Financial Health criteria checks 3/6
Steel Exchange India has a total shareholder equity of ₹6.6B and total debt of ₹4.4B, which brings its debt-to-equity ratio to 66.4%. Its total assets and total liabilities are ₹12.7B and ₹6.1B respectively. Steel Exchange India's EBIT is ₹750.5M making its interest coverage ratio 1. It has cash and short-term investments of ₹200.8M.
Key information
66.4%
Debt to equity ratio
₹4.39b
Debt
Interest coverage ratio | 1x |
Cash | ₹200.78m |
Equity | ₹6.62b |
Total liabilities | ₹6.07b |
Total assets | ₹12.68b |
Recent financial health updates
Steel Exchange India (NSE:STEELXIND) Has A Pretty Healthy Balance Sheet
Jan 04Steel Exchange India (NSE:STEELXIND) Has A Somewhat Strained Balance Sheet
Aug 04Steel Exchange India (NSE:STEELXIND) Seems To Use Debt Quite Sensibly
Jul 28Here's Why Steel Exchange India (NSE:STEELXIND) Has A Meaningful Debt Burden
Mar 30Is Steel Exchange India (NSE:STEELXIND) Using Too Much Debt?
Dec 09Recent updates
We Think That There Are Some Issues For Steel Exchange India (NSE:STEELXIND) Beyond Its Promising Earnings
May 13Investors Still Aren't Entirely Convinced By Steel Exchange India Limited's (NSE:STEELXIND) Revenues Despite 26% Price Jump
Feb 19There's Been No Shortage Of Growth Recently For Steel Exchange India's (NSE:STEELXIND) Returns On Capital
Feb 01Further Upside For Steel Exchange India Limited (NSE:STEELXIND) Shares Could Introduce Price Risks After 36% Bounce
Jan 05Do Steel Exchange India's (NSE:STEELXIND) Earnings Warrant Your Attention?
May 25Steel Exchange India (NSE:STEELXIND) Is Looking To Continue Growing Its Returns On Capital
Apr 07We Ran A Stock Scan For Earnings Growth And Steel Exchange India (NSE:STEELXIND) Passed With Ease
Feb 17Steel Exchange India (NSE:STEELXIND) Has A Pretty Healthy Balance Sheet
Jan 04There's Been No Shortage Of Growth Recently For Steel Exchange India's (NSE:STEELXIND) Returns On Capital
Dec 15Steel Exchange India (NSE:STEELXIND) Is Looking To Continue Growing Its Returns On Capital
Sep 03Steel Exchange India (NSE:STEELXIND) Has A Somewhat Strained Balance Sheet
Aug 04Steel Exchange India (NSE:STEELXIND) Is Doing The Right Things To Multiply Its Share Price
May 31A Look At The Intrinsic Value Of Steel Exchange India Limited (NSE:STEELXIND)
Nov 04Steel Exchange India (NSE:STEELXIND) Seems To Use Debt Quite Sensibly
Jul 28Steel Exchange India Limited (NSE:STEELXIND) Stock Catapults 28% Though Its Price And Business Still Lag The Market
Jul 03Steel Exchange India's (NSE:STEELXIND) Returns Have Hit A Wall
Jun 11Here's Why Steel Exchange India (NSE:STEELXIND) Has A Meaningful Debt Burden
Mar 30Is Steel Exchange India Limited's (NSE:STEELXIND) 74% ROE Better Than Average?
Feb 22How Should Investors Feel About Steel Exchange India's (NSE:STEELXIND) CEO Remuneration?
Jan 25Are Steel Exchange India's (NSE:STEELXIND) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Jan 04Is Steel Exchange India (NSE:STEELXIND) Using Too Much Debt?
Dec 09Can Steel Exchange India Limited (NSE:STEELXIND) Maintain Its Strong Returns?
Nov 13Does Steel Exchange India's (NSE:STEELXIND) CEO Salary Compare Well With The Performance Of The Company?
Sep 21Is Steel Exchange India Limited's (NSE:STEELXIND) ROE Of 41% Impressive?
Aug 04Financial Position Analysis
Short Term Liabilities: STEELXIND's short term assets (₹5.5B) exceed its short term liabilities (₹2.6B).
Long Term Liabilities: STEELXIND's short term assets (₹5.5B) exceed its long term liabilities (₹3.4B).
Debt to Equity History and Analysis
Debt Level: STEELXIND's net debt to equity ratio (63.4%) is considered high.
Reducing Debt: STEELXIND's debt to equity ratio has reduced from 1137.9% to 66.4% over the past 5 years.
Debt Coverage: STEELXIND's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: STEELXIND's interest payments on its debt are not well covered by EBIT (1x coverage).