Wheels India Balance Sheet Health
Financial Health criteria checks 2/6
Wheels India has a total shareholder equity of ₹8.0B and total debt of ₹7.9B, which brings its debt-to-equity ratio to 98.4%. Its total assets and total liabilities are ₹31.2B and ₹23.2B respectively. Wheels India's EBIT is ₹1.6B making its interest coverage ratio 1.3. It has cash and short-term investments of ₹214.5M.
Key information
98.4%
Debt to equity ratio
₹7.88b
Debt
Interest coverage ratio | 1.3x |
Cash | ₹214.50m |
Equity | ₹8.00b |
Total liabilities | ₹23.18b |
Total assets | ₹31.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 590073's short term assets (₹18.4B) do not cover its short term liabilities (₹20.3B).
Long Term Liabilities: 590073's short term assets (₹18.4B) exceed its long term liabilities (₹2.9B).
Debt to Equity History and Analysis
Debt Level: 590073's net debt to equity ratio (95.7%) is considered high.
Reducing Debt: 590073's debt to equity ratio has increased from 70.9% to 98.4% over the past 5 years.
Debt Coverage: 590073's debt is well covered by operating cash flow (46.4%).
Interest Coverage: 590073's interest payments on its debt are not well covered by EBIT (1.3x coverage).