Automotive Axles Balance Sheet Health
Financial Health criteria checks 5/6
Automotive Axles has a total shareholder equity of ₹7.9B and total debt of ₹249.1M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are ₹11.5B and ₹3.6B respectively. Automotive Axles's EBIT is ₹2.2B making its interest coverage ratio -130.2. It has cash and short-term investments of ₹1.1B.
Key information
3.1%
Debt to equity ratio
₹249.05m
Debt
| Interest coverage ratio | -130.2x |
| Cash | ₹1.15b |
| Equity | ₹7.93b |
| Total liabilities | ₹3.61b |
| Total assets | ₹11.55b |
Recent financial health updates
Does Automotive Axles (NSE:AUTOAXLES) Have A Healthy Balance Sheet?
Feb 01
Does Automotive Axles (NSE:AUTOAXLES) Have A Healthy Balance Sheet?
Sep 08Is Automotive Axles (NSE:AUTOAXLES) A Risky Investment?
Jun 05Is Automotive Axles (NSE:AUTOAXLES) A Risky Investment?
Jan 07Recent updates
Automotive Axles (NSE:AUTOAXLES) Is Increasing Its Dividend To ₹32.00
Jul 21Automotive Axles (NSE:AUTOAXLES) Has Announced That It Will Be Increasing Its Dividend To ₹32.00
Jul 07Does Automotive Axles (NSE:AUTOAXLES) Have A Healthy Balance Sheet?
Feb 01Does Automotive Axles (NSE:AUTOAXLES) Have A Healthy Balance Sheet?
Sep 08Automotive Axles' (NSE:AUTOAXLES) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 17There Are Reasons To Feel Uneasy About Automotive Axles' (NSE:AUTOAXLES) Returns On Capital
Jul 05Is Automotive Axles (NSE:AUTOAXLES) A Risky Investment?
Jun 05The Returns On Capital At Automotive Axles (NSE:AUTOAXLES) Don't Inspire Confidence
Oct 13Automotive Axles (NSE:AUTOAXLES) Is Increasing Its Dividend To ₹4.50
Jul 14Automotive Axles (NSE:AUTOAXLES) Is Reinvesting At Lower Rates Of Return
Jun 10Automotive Axles' (NSE:AUTOAXLES) Conservative Accounting Might Explain Soft Earnings
May 21What To Know Before Buying Automotive Axles Limited (NSE:AUTOAXLES) For Its Dividend
Apr 28Automotive Axles (NSE:AUTOAXLES) Shareholders Booked A 95% Gain In The Last Five Years
Feb 23Is Automotive Axles Limited (NSE:AUTOAXLES) The Right Choice For A Smart Dividend Investor?
Jan 28Is Automotive Axles (NSE:AUTOAXLES) A Risky Investment?
Jan 07What Kind Of Shareholders Own Automotive Axles Limited (NSE:AUTOAXLES)?
Dec 17
Estimating The Fair Value Of Automotive Axles Limited (NSE:AUTOAXLES)
Nov 24If You Had Bought Automotive Axles' (NSE:AUTOAXLES) Shares Three Years Ago You Would Be Down 26%
Nov 03Would Automotive Axles Limited (NSE:AUTOAXLES) Be Valuable To Income Investors?
Sep 29What Kind Of Shareholders Hold The Majority In Automotive Axles Limited's (NSE:AUTOAXLES) Shares?
Sep 03Automotive Axles Limited (NSE:AUTOAXLES) Passed Our Checks, And It's About To Pay A ₹0.80 Dividend
Aug 07Investor Optimism Abounds Automotive Axles Limited (NSE:AUTOAXLES) But Growth Is Lacking
Aug 04Automotive Axles Limited's (NSE:AUTOAXLES) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Jul 14Financial Position Analysis
Short Term Liabilities: AUTOAXLES's short term assets (₹8.9B) exceed its short term liabilities (₹3.3B).
Long Term Liabilities: AUTOAXLES's short term assets (₹8.9B) exceed its long term liabilities (₹270.6M).
Debt to Equity History and Analysis
Debt Level: AUTOAXLES has more cash than its total debt.
Reducing Debt: AUTOAXLES's debt to equity ratio has increased from 1.7% to 3.1% over the past 5 years.
Debt Coverage: AUTOAXLES's debt is well covered by operating cash flow (788.9%).
Interest Coverage: AUTOAXLES earns more interest than it pays, so coverage of interest payments is not a concern.