Automotive Axles Balance Sheet Health
Financial Health criteria checks 5/6
Automotive Axles has a total shareholder equity of ₹7.9B and total debt of ₹249.1M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are ₹11.5B and ₹3.6B respectively. Automotive Axles's EBIT is ₹2.2B making its interest coverage ratio -130.2. It has cash and short-term investments of ₹1.1B.
Key information
3.1%
Debt to equity ratio
₹249.05m
Debt
Interest coverage ratio | -130.2x |
Cash | ₹1.15b |
Equity | ₹7.93b |
Total liabilities | ₹3.61b |
Total assets | ₹11.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505010's short term assets (₹8.9B) exceed its short term liabilities (₹3.3B).
Long Term Liabilities: 505010's short term assets (₹8.9B) exceed its long term liabilities (₹270.6M).
Debt to Equity History and Analysis
Debt Level: 505010 has more cash than its total debt.
Reducing Debt: 505010's debt to equity ratio has increased from 1.7% to 3.1% over the past 5 years.
Debt Coverage: 505010's debt is well covered by operating cash flow (788.9%).
Interest Coverage: 505010 earns more interest than it pays, so coverage of interest payments is not a concern.