Surani Steel Tubes Balance Sheet Health
Financial Health criteria checks 6/6
Surani Steel Tubes has a total shareholder equity of ₹756.2M and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹766.0M and ₹9.9M respectively. Surani Steel Tubes's EBIT is ₹24.7M making its interest coverage ratio 4.3. It has cash and short-term investments of ₹39.0M.
Key information
0%
Debt to equity ratio
₹0
Debt
| Interest coverage ratio | 4.3x |
| Cash | ₹39.03m |
| Equity | ₹756.18m |
| Total liabilities | ₹9.85m |
| Total assets | ₹766.03m |
Recent financial health updates
Recent updates
After Leaping 36% Surani Steel Tubes Limited (NSE:SURANI) Shares Are Not Flying Under The Radar
Mar 03
Market Participants Recognise Surani Steel Tubes Limited's (NSE:SURANI) Revenues Pushing Shares 30% Higher
Jan 18Little Excitement Around Surani Steel Tubes Limited's (NSE:SURANI) Earnings As Shares Take 26% Pounding
Jun 17We Think Surani Steel Tubes (NSE:SURANI) Can Stay On Top Of Its Debt
Dec 28Financial Position Analysis
Short Term Liabilities: SURANI's short term assets (₹458.5M) exceed its short term liabilities (₹4.0M).
Long Term Liabilities: SURANI's short term assets (₹458.5M) exceed its long term liabilities (₹5.9M).
Debt to Equity History and Analysis
Debt Level: SURANI is debt free.
Reducing Debt: SURANI has no debt compared to 5 years ago when its debt to equity ratio was 93.8%.
Debt Coverage: SURANI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SURANI has no debt, therefore coverage of interest payments is not a concern.