JK Tyre & Industries Balance Sheet Health
Financial Health criteria checks 4/6
JK Tyre & Industries has a total shareholder equity of ₹48.3B and total debt of ₹51.1B, which brings its debt-to-equity ratio to 105.8%. Its total assets and total liabilities are ₹148.8B and ₹100.4B respectively. JK Tyre & Industries's EBIT is ₹15.2B making its interest coverage ratio 3.7. It has cash and short-term investments of ₹7.8B.
Key information
105.8%
Debt to equity ratio
₹51.13b
Debt
| Interest coverage ratio | 3.7x |
| Cash | ₹7.84b |
| Equity | ₹48.34b |
| Total liabilities | ₹100.42b |
| Total assets | ₹148.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530007's short term assets (₹73.5B) exceed its short term liabilities (₹61.8B).
Long Term Liabilities: 530007's short term assets (₹73.5B) exceed its long term liabilities (₹38.6B).
Debt to Equity History and Analysis
Debt Level: 530007's net debt to equity ratio (89.6%) is considered high.
Reducing Debt: 530007's debt to equity ratio has reduced from 200.7% to 105.8% over the past 5 years.
Debt Coverage: 530007's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: 530007's interest payments on its debt are well covered by EBIT (3.7x coverage).