Lumax Industries Balance Sheet Health
Financial Health criteria checks 2/6
Lumax Industries has a total shareholder equity of ₹6.1B and total debt of ₹6.0B, which brings its debt-to-equity ratio to 98.2%. Its total assets and total liabilities are ₹21.2B and ₹15.1B respectively. Lumax Industries's EBIT is ₹1.4B making its interest coverage ratio 3.3. It has cash and short-term investments of ₹103.1M.
Key information
98.2%
Debt to equity ratio
₹5.97b
Debt
Interest coverage ratio | 3.3x |
Cash | ₹103.07m |
Equity | ₹6.08b |
Total liabilities | ₹15.08b |
Total assets | ₹21.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 517206's short term assets (₹9.4B) do not cover its short term liabilities (₹12.1B).
Long Term Liabilities: 517206's short term assets (₹9.4B) exceed its long term liabilities (₹3.0B).
Debt to Equity History and Analysis
Debt Level: 517206's net debt to equity ratio (96.5%) is considered high.
Reducing Debt: 517206's debt to equity ratio has increased from 31.5% to 98.2% over the past 5 years.
Debt Coverage: 517206's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: 517206's interest payments on its debt are well covered by EBIT (3.3x coverage).