Apollo Tyres Balance Sheet Health
Financial Health criteria checks 6/6
Apollo Tyres has a total shareholder equity of ₹129.8B and total debt of ₹55.3B, which brings its debt-to-equity ratio to 42.6%. Its total assets and total liabilities are ₹263.9B and ₹134.1B respectively. Apollo Tyres's EBIT is ₹29.6B making its interest coverage ratio 6. It has cash and short-term investments of ₹9.4B.
Key information
42.6%
Debt to equity ratio
₹55.33b
Debt
Interest coverage ratio | 6x |
Cash | ₹9.39b |
Equity | ₹129.82b |
Total liabilities | ₹134.10b |
Total assets | ₹263.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500877's short term assets (₹85.6B) exceed its short term liabilities (₹75.0B).
Long Term Liabilities: 500877's short term assets (₹85.6B) exceed its long term liabilities (₹59.1B).
Debt to Equity History and Analysis
Debt Level: 500877's net debt to equity ratio (35.4%) is considered satisfactory.
Reducing Debt: 500877's debt to equity ratio has reduced from 43.3% to 42.6% over the past 5 years.
Debt Coverage: 500877's debt is well covered by operating cash flow (62.7%).
Interest Coverage: 500877's interest payments on its debt are well covered by EBIT (6x coverage).