Wheels India Balance Sheet Health
Financial Health criteria checks 2/6
Wheels India has a total shareholder equity of ₹8.8B and total debt of ₹7.3B, which brings its debt-to-equity ratio to 83.4%. Its total assets and total liabilities are ₹30.4B and ₹21.6B respectively. Wheels India's EBIT is ₹2.3B making its interest coverage ratio 2. It has cash and short-term investments of ₹179.0M.
Key information
83.4%
Debt to equity ratio
₹7.33b
Debt
| Interest coverage ratio | 2x |
| Cash | ₹179.00m |
| Equity | ₹8.79b |
| Total liabilities | ₹21.62b |
| Total assets | ₹30.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 590073's short term assets (₹16.4B) do not cover its short term liabilities (₹17.8B).
Long Term Liabilities: 590073's short term assets (₹16.4B) exceed its long term liabilities (₹3.8B).
Debt to Equity History and Analysis
Debt Level: 590073's net debt to equity ratio (81.4%) is considered high.
Reducing Debt: 590073's debt to equity ratio has increased from 71.1% to 83.4% over the past 5 years.
Debt Coverage: 590073's debt is well covered by operating cash flow (47.8%).
Interest Coverage: 590073's interest payments on its debt are not well covered by EBIT (2x coverage).