Tolins Tyres Balance Sheet Health
Financial Health criteria checks 3/6
Tolins Tyres has a total shareholder equity of ₹1.0B and total debt of ₹787.7M, which brings its debt-to-equity ratio to 78.4%. Its total assets and total liabilities are ₹2.2B and ₹1.2B respectively. Tolins Tyres's EBIT is ₹501.2M making its interest coverage ratio 5.8. It has cash and short-term investments of ₹8.8M.
Key information
78.4%
Debt to equity ratio
₹787.72m
Debt
Interest coverage ratio | 5.8x |
Cash | ₹8.81m |
Equity | ₹1.01b |
Total liabilities | ₹1.21b |
Total assets | ₹2.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 544254's short term assets (₹1.6B) exceed its short term liabilities (₹1.1B).
Long Term Liabilities: 544254's short term assets (₹1.6B) exceed its long term liabilities (₹95.5M).
Debt to Equity History and Analysis
Debt Level: 544254's net debt to equity ratio (77.5%) is considered high.
Reducing Debt: Insufficient data to determine if 544254's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 544254's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 544254's interest payments on its debt are well covered by EBIT (5.8x coverage).