Analysis of Solvency Position of Indian Steel Industry

  • Unique Paper ID: 151823
  • Volume: 8
  • Issue: 1
  • PageNo: 1086-1091
  • Abstract:
  • Solvency refers to company’s ability to meet the long-term liabilities and measure the enterprise’s ability to pay the interest regularly and to repay the principal (i.e., capital amount) on maturity or in pre-determined instalments at due date (Arab, 2014). It is required to continue business operations up to the predictable future.The present paper aims to analyse the solvency position of the selected steel companies by using major solvency ratios. For this study, secondary data has been collected for top 10 steel companies from 2009-10 to 2018-19. The study revealed that the solvency position of most of the companies is adequate as theses are mainly dependent on owned funds.

Cite This Article

  • ISSN: 2349-6002
  • Volume: 8
  • Issue: 1
  • PageNo: 1086-1091

Analysis of Solvency Position of Indian Steel Industry

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