Zenith Steel Pipes & Industries Balance Sheet Health
Financial Health criteria checks 1/6
Zenith Steel Pipes & Industries has a total shareholder equity of ₹-2.6B and total debt of ₹2.2B, which brings its debt-to-equity ratio to -83%. Its total assets and total liabilities are ₹1.8B and ₹4.4B respectively. Zenith Steel Pipes & Industries's EBIT is ₹94.0M making its interest coverage ratio 3.6. It has cash and short-term investments of ₹18.1M.
Key information
-83.0%
Debt to equity ratio
₹2.15b
Debt
| Interest coverage ratio | 3.6x |
| Cash | ₹18.15m |
| Equity | -₹2.59b |
| Total liabilities | ₹4.39b |
| Total assets | ₹1.80b |
Recent financial health updates
No updates
Recent updates
Even With A 32% Surge, Cautious Investors Are Not Rewarding Zenith Steel Pipes & Industries Limited's (NSE:ZENITHSTL) Performance Completely
Sep 19
Zenith Steel Pipes & Industries Limited's (NSE:ZENITHSTL) Shares Leap 29% Yet They're Still Not Telling The Full Story
Jun 26Market Might Still Lack Some Conviction On Zenith Steel Pipes & Industries Limited (NSE:ZENITHSTL) Even After 26% Share Price Boost
Jan 07Calculating The Intrinsic Value Of Zenith Steel Pipes & Industries Limited (NSE:ZENITHSTL)
Oct 14Here's Why Zenith Steel Pipes & Industries (NSE:ZENITHSTL) Has Caught The Eye Of Investors
Aug 23Zenith Steel Pipes & Industries Limited's (NSE:ZENITHSTL) Price Is Right But Growth Is Lacking After Shares Rocket 159%
Jun 07Estimating The Fair Value Of Zenith Steel Pipes & Industries Limited (NSE:ZENITHSTL)
May 20Financial Position Analysis
Short Term Liabilities: ZENITHSTL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ZENITHSTL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ZENITHSTL has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ZENITHSTL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: ZENITHSTL's debt is not well covered by operating cash flow (1.3%).
Interest Coverage: ZENITHSTL's interest payments on its debt are well covered by EBIT (3.6x coverage).