International Research Journal of Commerce , Arts and Science
( Online- ISSN 2319 - 9202 ) New DOI : 10.32804/CASIRJ
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THE SHORT TERM AND LONG TERM SOLVENCY RATIO ANALYSIS OF SELECTED STEEL COMPANIES IN INDIA
2 Author(s): SHANTHI R, SELVAM K
Vol - 8, Issue- 12 , Page(s) : 154 - 166 (2017 ) DOI : https://doi.org/10.32804/CASIRJ
India was the world’s third largest steel producer in 2016. The growth in the Indian steel sector has been driven by domestic availability of raw materials such as iron ore and cost effective labor. Consequently the steel sector has been a major contributor to India’s manufacturing output. This study tries to find out the Solvency analysis of selected steel companies in India. Eight steel companies have been selected for the study, the period of study 2006 – 07 to 2015 - 2016. Various tools like Mean, SD, Correlation, and ANOVA were used for analysis.From the correlation analysis it canconclude that there is negative relationship between Mukand and SAIL in maintaining their current ratio position. From the ANOVA result it is conclude that companies belong to the same industry follows a different debt equity positionduring the study period.