Lumax Auto Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Lumax Auto Technologies has a total shareholder equity of ₹9.1B and total debt of ₹7.2B, which brings its debt-to-equity ratio to 79.1%. Its total assets and total liabilities are ₹23.5B and ₹14.4B respectively. Lumax Auto Technologies's EBIT is ₹2.3B making its interest coverage ratio 4.7. It has cash and short-term investments of ₹3.2B.
Key information
79.1%
Debt to equity ratio
₹7.21b
Debt
Interest coverage ratio | 4.7x |
Cash | ₹3.18b |
Equity | ₹9.11b |
Total liabilities | ₹14.41b |
Total assets | ₹23.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532796's short term assets (₹11.3B) exceed its short term liabilities (₹9.0B).
Long Term Liabilities: 532796's short term assets (₹11.3B) exceed its long term liabilities (₹5.4B).
Debt to Equity History and Analysis
Debt Level: 532796's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: 532796's debt to equity ratio has increased from 6.7% to 79.1% over the past 5 years.
Debt Coverage: 532796's debt is well covered by operating cash flow (28.4%).
Interest Coverage: 532796's interest payments on its debt are well covered by EBIT (4.7x coverage).