Asahi India Glass Balance Sheet Health
Financial Health criteria checks 5/6
Asahi India Glass has a total shareholder equity of ₹23.3B and total debt of ₹18.8B, which brings its debt-to-equity ratio to 80.6%. Its total assets and total liabilities are ₹55.0B and ₹31.7B respectively. Asahi India Glass's EBIT is ₹5.7B making its interest coverage ratio 4.2. It has cash and short-term investments of ₹1.8B.
Key information
80.6%
Debt to equity ratio
₹18.79b
Debt
Interest coverage ratio | 4.2x |
Cash | ₹1.79b |
Equity | ₹23.31b |
Total liabilities | ₹31.69b |
Total assets | ₹55.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 515030's short term assets (₹17.4B) exceed its short term liabilities (₹16.9B).
Long Term Liabilities: 515030's short term assets (₹17.4B) exceed its long term liabilities (₹14.7B).
Debt to Equity History and Analysis
Debt Level: 515030's net debt to equity ratio (72.9%) is considered high.
Reducing Debt: 515030's debt to equity ratio has reduced from 136.5% to 80.6% over the past 5 years.
Debt Coverage: 515030's debt is well covered by operating cash flow (34.8%).
Interest Coverage: 515030's interest payments on its debt are well covered by EBIT (4.2x coverage).