Analysis of Solvency Position of Indian Steel Industry

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ISSN: 2349-6002 ESTD Year: 2014

UGC approved journal no 47859

Analysis of Solvency Position of Indian Steel Industry
Author(s):
Dr. Nripinder Kaur
Keywords:
Solvency Position, Debt Equity Ratio, Funded Debt to Total Capitalisation Ratio, Proprietary Ratio, Fixed Assets to Net worth Ratio, Interest Coverage Ratio
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.
Article Details
Unique Paper ID: 151823 Publication Volume & Issue: Volume 8, Issue 1 Page(s): 1086 - 1091
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