Igarashi Motors India Balance Sheet Health
Financial Health criteria checks 5/6
Igarashi Motors India has a total shareholder equity of ₹4.4B and total debt of ₹1.2B, which brings its debt-to-equity ratio to 28%. Its total assets and total liabilities are ₹7.3B and ₹2.9B respectively. Igarashi Motors India's EBIT is ₹282.0M making its interest coverage ratio 3.3. It has cash and short-term investments of ₹91.7M.
Key information
28.0%
Debt to equity ratio
₹1.23b
Debt
Interest coverage ratio | 3.3x |
Cash | ₹91.71m |
Equity | ₹4.40b |
Total liabilities | ₹2.93b |
Total assets | ₹7.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 517380's short term assets (₹3.3B) exceed its short term liabilities (₹2.4B).
Long Term Liabilities: 517380's short term assets (₹3.3B) exceed its long term liabilities (₹518.9M).
Debt to Equity History and Analysis
Debt Level: 517380's net debt to equity ratio (25.9%) is considered satisfactory.
Reducing Debt: 517380's debt to equity ratio has increased from 11.9% to 28% over the past 5 years.
Debt Coverage: 517380's debt is well covered by operating cash flow (35.1%).
Interest Coverage: 517380's interest payments on its debt are well covered by EBIT (3.3x coverage).