CEAT Balance Sheet Health
Financial Health criteria checks 4/6
CEAT has a total shareholder equity of ₹42.1B and total debt of ₹18.8B, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are ₹108.0B and ₹65.9B respectively. CEAT's EBIT is ₹10.2B making its interest coverage ratio 4.3. It has cash and short-term investments of ₹454.3M.
Key information
44.8%
Debt to equity ratio
₹18.85b
Debt
| Interest coverage ratio | 4.3x |
| Cash | ₹454.30m |
| Equity | ₹42.09b |
| Total liabilities | ₹65.89b |
| Total assets | ₹107.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500878's short term assets (₹32.7B) do not cover its short term liabilities (₹51.1B).
Long Term Liabilities: 500878's short term assets (₹32.7B) exceed its long term liabilities (₹14.8B).
Debt to Equity History and Analysis
Debt Level: 500878's net debt to equity ratio (43.7%) is considered high.
Reducing Debt: 500878's debt to equity ratio has reduced from 64.2% to 44.8% over the past 5 years.
Debt Coverage: 500878's debt is well covered by operating cash flow (72.2%).
Interest Coverage: 500878's interest payments on its debt are well covered by EBIT (4.3x coverage).