Steel Strips Infrastructures Balance Sheet Health
Financial Health criteria checks 4/6
Steel Strips Infrastructures has a total shareholder equity of ₹1.1B and total debt of ₹143.2M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are ₹1.2B and ₹149.2M respectively. Steel Strips Infrastructures's EBIT is ₹387.0M making its interest coverage ratio 118.7. It has cash and short-term investments of ₹6.2M.
Key information
13.1%
Debt to equity ratio
₹143.16m
Debt
Interest coverage ratio | 118.7x |
Cash | ₹6.19m |
Equity | ₹1.10b |
Total liabilities | ₹149.23m |
Total assets | ₹1.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513173's short term assets (₹113.4M) do not cover its short term liabilities (₹128.6M).
Long Term Liabilities: 513173's short term assets (₹113.4M) exceed its long term liabilities (₹20.7M).
Debt to Equity History and Analysis
Debt Level: 513173's net debt to equity ratio (12.5%) is considered satisfactory.
Reducing Debt: 513173's debt to equity ratio has reduced from 79.7% to 13.1% over the past 5 years.
Debt Coverage: 513173's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: 513173's interest payments on its debt are well covered by EBIT (118.7x coverage).