ASK Automotive Balance Sheet Health
Financial Health criteria checks 4/6
ASK Automotive has a total shareholder equity of ₹8.2B and total debt of ₹3.5B, which brings its debt-to-equity ratio to 42.3%. Its total assets and total liabilities are ₹15.7B and ₹7.5B respectively. ASK Automotive's EBIT is ₹2.7B making its interest coverage ratio 8.6. It has cash and short-term investments of ₹126.5M.
Key information
42.3%
Debt to equity ratio
₹3.46b
Debt
| Interest coverage ratio | 8.6x |
| Cash | ₹126.53m |
| Equity | ₹8.17b |
| Total liabilities | ₹7.52b |
| Total assets | ₹15.68b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ASKAUTOLTD's short term assets (₹4.6B) exceed its short term liabilities (₹4.3B).
Long Term Liabilities: ASKAUTOLTD's short term assets (₹4.6B) exceed its long term liabilities (₹3.3B).
Debt to Equity History and Analysis
Debt Level: ASKAUTOLTD's net debt to equity ratio (40.8%) is considered high.
Reducing Debt: Insufficient data to determine if ASKAUTOLTD's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ASKAUTOLTD's debt is well covered by operating cash flow (87.7%).
Interest Coverage: ASKAUTOLTD's interest payments on its debt are well covered by EBIT (8.6x coverage).