Asahi India Glass Balance Sheet Health
Financial Health criteria checks 4/6
Asahi India Glass has a total shareholder equity of ₹24.5B and total debt of ₹22.4B, which brings its debt-to-equity ratio to 91.3%. Its total assets and total liabilities are ₹60.2B and ₹35.7B respectively. Asahi India Glass's EBIT is ₹5.3B making its interest coverage ratio 4.4. It has cash and short-term investments of ₹1.7B.
Key information
91.3%
Debt to equity ratio
₹22.38b
Debt
| Interest coverage ratio | 4.4x |
| Cash | ₹1.72b |
| Equity | ₹24.51b |
| Total liabilities | ₹35.68b |
| Total assets | ₹60.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 515030's short term assets (₹18.2B) exceed its short term liabilities (₹17.0B).
Long Term Liabilities: 515030's short term assets (₹18.2B) do not cover its long term liabilities (₹18.7B).
Debt to Equity History and Analysis
Debt Level: 515030's net debt to equity ratio (84.3%) is considered high.
Reducing Debt: 515030's debt to equity ratio has reduced from 115.9% to 91.3% over the past 5 years.
Debt Coverage: 515030's debt is well covered by operating cash flow (35.3%).
Interest Coverage: 515030's interest payments on its debt are well covered by EBIT (4.4x coverage).