Vardhman Special Steels Balance Sheet Health
Financial Health criteria checks 6/6
Vardhman Special Steels has a total shareholder equity of ₹6.6B and total debt of ₹1.7B, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are ₹10.9B and ₹4.2B respectively. Vardhman Special Steels's EBIT is ₹1.1B making its interest coverage ratio 6.9. It has cash and short-term investments of ₹615.2M.
Key information
25.6%
Debt to equity ratio
₹1.70b
Debt
| Interest coverage ratio | 6.9x |
| Cash | ₹615.20m |
| Equity | ₹6.63b |
| Total liabilities | ₹4.22b |
| Total assets | ₹10.85b |
Recent financial health updates
Here's Why Vardhman Special Steels (NSE:VSSL) Can Manage Its Debt Responsibly
Mar 09
Here's Why Vardhman Special Steels (NSE:VSSL) Can Manage Its Debt Responsibly
Mar 30Is Vardhman Special Steels (NSE:VSSL) Using Too Much Debt?
Jul 22Recent updates
Vardhman Special Steels Limited (NSE:VSSL) Screens Well But There Might Be A Catch
Mar 27We Think Some Shareholders May Hesitate To Increase Vardhman Special Steels Limited's (NSE:VSSL) CEO Compensation
Sep 21Here's Why Vardhman Special Steels (NSE:VSSL) Can Manage Its Debt Responsibly
Mar 09Vardhman Special Steels (NSE:VSSL) Is Very Good At Capital Allocation
Dec 14We Think Some Shareholders May Hesitate To Increase Vardhman Special Steels Limited's (NSE:VSSL) CEO Compensation
Sep 23Does Vardhman Special Steels (NSE:VSSL) Deserve A Spot On Your Watchlist?
May 26Here's Why Vardhman Special Steels (NSE:VSSL) Can Manage Its Debt Responsibly
Mar 30Shareholders Would Enjoy A Repeat Of Vardhman Special Steels' (NSE:VSSL) Recent Growth In Returns
Aug 22Is Vardhman Special Steels (NSE:VSSL) Using Too Much Debt?
Jul 22Financial Position Analysis
Short Term Liabilities: VSSL's short term assets (₹7.3B) exceed its short term liabilities (₹3.7B).
Long Term Liabilities: VSSL's short term assets (₹7.3B) exceed its long term liabilities (₹493.1M).
Debt to Equity History and Analysis
Debt Level: VSSL's net debt to equity ratio (16.3%) is considered satisfactory.
Reducing Debt: VSSL's debt to equity ratio has reduced from 75.7% to 25.6% over the past 5 years.
Debt Coverage: VSSL's debt is well covered by operating cash flow (74.7%).
Interest Coverage: VSSL's interest payments on its debt are well covered by EBIT (6.9x coverage).