Tata Steel Balance Sheet Health
Financial Health criteria checks 2/6
Tata Steel has a total shareholder equity of ₹905.1B and total debt of ₹941.1B, which brings its debt-to-equity ratio to 104%. Its total assets and total liabilities are ₹2,808.4B and ₹1,903.3B respectively. Tata Steel's EBIT is ₹155.7B making its interest coverage ratio 2.2. It has cash and short-term investments of ₹104.4B.
Key information
104.0%
Debt to equity ratio
₹941.08b
Debt
| Interest coverage ratio | 2.2x |
| Cash | ₹104.38b |
| Equity | ₹905.09b |
| Total liabilities | ₹1.90t |
| Total assets | ₹2.81t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTSTE's short term assets (₹740.2B) do not cover its short term liabilities (₹919.5B).
Long Term Liabilities: TTSTE's short term assets (₹740.2B) do not cover its long term liabilities (₹983.8B).
Debt to Equity History and Analysis
Debt Level: TTSTE's net debt to equity ratio (92.4%) is considered high.
Reducing Debt: TTSTE's debt to equity ratio has reduced from 136.4% to 104% over the past 5 years.
Debt Coverage: TTSTE's debt is well covered by operating cash flow (21.1%).
Interest Coverage: TTSTE's interest payments on its debt are not well covered by EBIT (2.2x coverage).