ZF Steering Gear (India) Balance Sheet Health
Financial Health criteria checks 6/6
ZF Steering Gear (India) has a total shareholder equity of ₹4.4B and total debt of ₹540.9M, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are ₹5.7B and ₹1.3B respectively. ZF Steering Gear (India)'s EBIT is ₹483.9M making its interest coverage ratio -193.6. It has cash and short-term investments of ₹5.4M.
Key information
12.3%
Debt to equity ratio
₹540.90m
Debt
Interest coverage ratio | -193.6x |
Cash | ₹5.40m |
Equity | ₹4.38b |
Total liabilities | ₹1.27b |
Total assets | ₹5.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505163's short term assets (₹1.8B) exceed its short term liabilities (₹1.1B).
Long Term Liabilities: 505163's short term assets (₹1.8B) exceed its long term liabilities (₹211.2M).
Debt to Equity History and Analysis
Debt Level: 505163's net debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: 505163's debt to equity ratio has reduced from 15.4% to 12.3% over the past 5 years.
Debt Coverage: 505163's debt is well covered by operating cash flow (98%).
Interest Coverage: 505163 earns more interest than it pays, so coverage of interest payments is not a concern.