Zenith Steel Pipes & Industries Balance Sheet Health
Financial Health criteria checks 2/6
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 -83.8%. Its total assets and total liabilities are ₹1.8B and ₹4.4B respectively.
Key information
-83.8%
Debt to equity ratio
₹2.15b
Debt
| Interest coverage ratio | n/a |
| Cash | ₹10.90m |
| Equity | -₹2.57b |
| Total liabilities | ₹4.39b |
| Total assets | ₹1.82b |
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.
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 ZENITHSTL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ZENITHSTL is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 30.2% per year.