CEAT Balance Sheet Health
Financial Health criteria checks 5/6
CEAT has a total shareholder equity of ₹40.5B and total debt of ₹16.3B, which brings its debt-to-equity ratio to 40.2%. Its total assets and total liabilities are ₹99.9B and ₹59.4B respectively. CEAT's EBIT is ₹11.6B making its interest coverage ratio 4.3. It has cash and short-term investments of ₹590.8M.
Key information
40.2%
Debt to equity ratio
₹16.29b
Debt
Interest coverage ratio | 4.3x |
Cash | ₹590.80m |
Equity | ₹40.52b |
Total liabilities | ₹59.42b |
Total assets | ₹99.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500878's short term assets (₹27.4B) do not cover its short term liabilities (₹43.3B).
Long Term Liabilities: 500878's short term assets (₹27.4B) exceed its long term liabilities (₹16.1B).
Debt to Equity History and Analysis
Debt Level: 500878's net debt to equity ratio (38.7%) is considered satisfactory.
Reducing Debt: 500878's debt to equity ratio has reduced from 53.7% to 40.2% over the past 5 years.
Debt Coverage: 500878's debt is well covered by operating cash flow (105.5%).
Interest Coverage: 500878's interest payments on its debt are well covered by EBIT (4.3x coverage).