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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 04:03 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
JK Tyre & Industries Limited is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mayur Milak | Anand Rathi Shares and Stock Brokers Limited |
| Bharat Gianani | Angel Broking Private Limited |
| null null | Asian Markets Securities Private Limited |