Steel Strips Infrastructures Balance Sheet Health
Financial Health criteria checks 3/6
Steel Strips Infrastructures has a total shareholder equity of ₹895.9M and total debt of ₹144.3M, which brings its debt-to-equity ratio to 16.1%. Its total assets and total liabilities are ₹170.8M and ₹150.2M respectively. Steel Strips Infrastructures's EBIT is ₹24.2M making its interest coverage ratio 8.4. It has cash and short-term investments of ₹2.0M.
Key information
16.1%
Debt to equity ratio
₹144.29m
Debt
| Interest coverage ratio | 8.4x |
| Cash | ₹2.01m |
| Equity | ₹895.89m |
| Total liabilities | ₹150.25m |
| Total assets | ₹170.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513173's short term assets (₹108.6M) do not cover its short term liabilities (₹134.8M).
Long Term Liabilities: 513173's short term assets (₹108.6M) exceed its long term liabilities (₹15.4M).
Debt to Equity History and Analysis
Debt Level: 513173's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: 513173's debt to equity ratio has increased from 15.1% to 16.1% over the past 5 years.
Debt Coverage: 513173's debt is not well covered by operating cash flow (6.6%).
Interest Coverage: 513173's interest payments on its debt are well covered by EBIT (8.4x coverage).