Lumax Industries Balance Sheet Health
Financial Health criteria checks 1/6
Lumax Industries has a total shareholder equity of ₹6.7B and total debt of ₹7.2B, which brings its debt-to-equity ratio to 107.6%. Its total assets and total liabilities are ₹26.0B and ₹19.3B respectively. Lumax Industries's EBIT is ₹1.6B making its interest coverage ratio 2.9. It has cash and short-term investments of ₹470.0M.
Key information
107.6%
Debt to equity ratio
₹7.23b
Debt
| Interest coverage ratio | 2.9x |
| Cash | ₹469.97m |
| Equity | ₹6.72b |
| Total liabilities | ₹19.29b |
| Total assets | ₹26.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 517206's short term assets (₹12.1B) do not cover its short term liabilities (₹15.2B).
Long Term Liabilities: 517206's short term assets (₹12.1B) exceed its long term liabilities (₹4.1B).
Debt to Equity History and Analysis
Debt Level: 517206's net debt to equity ratio (100.6%) is considered high.
Reducing Debt: 517206's debt to equity ratio has increased from 32.1% to 107.6% over the past 5 years.
Debt Coverage: 517206's debt is not well covered by operating cash flow (18.3%).
Interest Coverage: 517206's interest payments on its debt are not well covered by EBIT (2.9x coverage).