Leverage for primary steel cos may reach five-year high
Business Standard|November 29, 2024
High debt to impact financial metrics in FY25, says CRISIL

Net leverage (ratio of net debt to Ebitda) of domestic primary steel makers will hit a five-year high of over 3x this financial year, a CRISIL Ratings report said on Thursday.

According to CRISIL, the net debt to Ebitda (earnings before interest, taxes, depreciation, and amortization) ratio of primary steel companies was rising as debt was expected to rise over 25 per cent on continued capital expenditure (capex) even as profitability was impacted by cheaper imports.

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