JK Tyre & Industries Balance Sheet Health
Financial Health criteria checks 5/6
JK Tyre & Industries has a total shareholder equity of ₹38.7B and total debt of ₹44.4B, which brings its debt-to-equity ratio to 114.6%. Its total assets and total liabilities are ₹128.9B and ₹90.1B respectively. JK Tyre & Industries's EBIT is ₹15.4B making its interest coverage ratio 3.5. It has cash and short-term investments of ₹2.6B.
Key information
114.6%
Debt to equity ratio
₹44.42b
Debt
Interest coverage ratio | 3.5x |
Cash | ₹2.65b |
Equity | ₹38.75b |
Total liabilities | ₹90.12b |
Total assets | ₹128.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530007's short term assets (₹56.3B) exceed its short term liabilities (₹52.4B).
Long Term Liabilities: 530007's short term assets (₹56.3B) exceed its long term liabilities (₹37.7B).
Debt to Equity History and Analysis
Debt Level: 530007's net debt to equity ratio (107.8%) is considered high.
Reducing Debt: 530007's debt to equity ratio has reduced from 244.9% to 114.6% over the past 5 years.
Debt Coverage: 530007's debt is well covered by operating cash flow (42.1%).
Interest Coverage: 530007's interest payments on its debt are well covered by EBIT (3.5x coverage).