Lumax Auto Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Lumax Auto Technologies has a total shareholder equity of ₹10.8B and total debt of ₹6.4B, which brings its debt-to-equity ratio to 59.4%. Its total assets and total liabilities are ₹28.2B and ₹17.5B respectively. Lumax Auto Technologies's EBIT is ₹2.8B making its interest coverage ratio 4.3. It has cash and short-term investments of ₹3.7B.
Key information
59.4%
Debt to equity ratio
₹6.39b
Debt
| Interest coverage ratio | 4.3x |
| Cash | ₹3.68b |
| Equity | ₹10.76b |
| Total liabilities | ₹17.46b |
| Total assets | ₹28.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532796's short term assets (₹15.0B) exceed its short term liabilities (₹13.9B).
Long Term Liabilities: 532796's short term assets (₹15.0B) exceed its long term liabilities (₹3.5B).
Debt to Equity History and Analysis
Debt Level: 532796's net debt to equity ratio (25.2%) is considered satisfactory.
Reducing Debt: 532796's debt to equity ratio has increased from 18.7% to 59.4% over the past 5 years.
Debt Coverage: 532796's debt is well covered by operating cash flow (47.4%).
Interest Coverage: 532796's interest payments on its debt are well covered by EBIT (4.3x coverage).