Details What Is The Debt Of Astral Pipes?

Astral Pipes has a very strong financial position with minimal debt. This is reflected in their impressive interest coverage ratio of 36.00. This means that Astral Pipes earns 36 times more than what is needed to cover their interest expenses.

A high interest coverage ratio indicates that a company is financially healthy and can comfortably meet its debt obligations. This is a positive sign for investors as it suggests that the company is well-positioned to manage its debt and continue to operate smoothly, even in challenging economic conditions. Astral Pipes’ low debt and high interest coverage ratio are strong indicators of its financial stability and its ability to generate consistent profits. This can contribute to its long-term growth and sustainability.