Enkei Wheels (India) Balance Sheet Health
Financial Health criteria checks 3/6
Enkei Wheels (India) has a total shareholder equity of ₹2.3B and total debt of ₹1.7B, which brings its debt-to-equity ratio to 71.4%. Its total assets and total liabilities are ₹5.3B and ₹3.0B respectively. Enkei Wheels (India)'s EBIT is ₹135.5M making its interest coverage ratio 1.3. It has cash and short-term investments of ₹117.3M.
Key information
71.4%
Debt to equity ratio
₹1.67b
Debt
Interest coverage ratio | 1.3x |
Cash | ₹117.31m |
Equity | ₹2.33b |
Total liabilities | ₹3.00b |
Total assets | ₹5.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533477's short term assets (₹1.7B) exceed its short term liabilities (₹1.6B).
Long Term Liabilities: 533477's short term assets (₹1.7B) exceed its long term liabilities (₹1.4B).
Debt to Equity History and Analysis
Debt Level: 533477's net debt to equity ratio (66.4%) is considered high.
Reducing Debt: 533477's debt to equity ratio has increased from 60.6% to 71.4% over the past 5 years.
Debt Coverage: 533477's debt is well covered by operating cash flow (35.1%).
Interest Coverage: 533477's interest payments on its debt are not well covered by EBIT (1.3x coverage).