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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 13:16 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Asahi India Glass Limited is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Annamalai Jayaraj | Batlivala & Karani Securities India Pvt. Ltd. |
| Naveed MD. | FirstCall Research |
| Basudeb Banerjee | ICICI Securities Ltd. |