CEAT Balance Sheet Health
Financial Health criteria checks 3/6
CEAT has a total shareholder equity of ₹37.6B and total debt of ₹20.6B, which brings its debt-to-equity ratio to 54.8%. Its total assets and total liabilities are ₹98.1B and ₹60.5B respectively. CEAT's EBIT is ₹11.3B making its interest coverage ratio 4.5. It has cash and short-term investments of ₹428.2M.
Key information
54.8%
Debt to equity ratio
₹20.62b
Debt
| Interest coverage ratio | 4.5x |
| Cash | ₹428.20m |
| Equity | ₹37.62b |
| Total liabilities | ₹60.53b |
| Total assets | ₹98.15b |
Recent financial health updates
Is CEAT (NSE:CEATLTD) Using Too Much Debt?
Jun 04
CEAT (NSE:CEATLTD) Seems To Be Using A Lot Of Debt
Dec 23Is CEAT (NSE:CEATLTD) Using Too Much Debt?
Sep 16These 4 Measures Indicate That CEAT (NSE:CEATLTD) Is Using Debt Extensively
Jan 02CEAT (NSE:CEATLTD) Has A Somewhat Strained Balance Sheet
Jun 05We Think CEAT (NSE:CEATLTD) Is Taking Some Risk With Its Debt
Feb 13Recent updates
CEAT (NSE:CEATLTD) Is Achieving High Returns On Its Capital
Mar 28Is Now The Time To Put CEAT (NSE:CEATLTD) On Your Watchlist?
Mar 12CEAT Limited Just Recorded A 19% EPS Beat: Here's What Analysts Are Forecasting Next
Jan 27Little Excitement Around CEAT Limited's (NSE:CEATLTD) Revenues
Jan 20CEAT (NSE:CEATLTD) Hasn't Managed To Accelerate Its Returns
Oct 25Is CEAT Limited (NSE:CEATLTD) Worth ₹2.3k Based On Its Intrinsic Value?
Aug 12Is CEAT (NSE:CEATLTD) Using Too Much Debt?
Jun 04CEAT (NSE:CEATLTD) Might Be Having Difficulty Using Its Capital Effectively
May 17Estimating The Intrinsic Value Of CEAT Limited (NSE:CEATLTD)
Mar 01CEAT (NSE:CEATLTD) Seems To Be Using A Lot Of Debt
Dec 23Is CEAT (NSE:CEATLTD) Using Too Much Debt?
Sep 16CEAT (NSE:CEATLTD) Will Want To Turn Around Its Return Trends
Aug 03CEAT Limited's (NSE:CEATLTD) Intrinsic Value Is Potentially 35% Above Its Share Price
Apr 09These 4 Measures Indicate That CEAT (NSE:CEATLTD) Is Using Debt Extensively
Jan 02CEAT (NSE:CEATLTD) Has A Somewhat Strained Balance Sheet
Jun 05Calculating The Fair Value Of CEAT Limited (NSE:CEATLTD)
May 10Returns On Capital At CEAT (NSE:CEATLTD) Paint An Interesting Picture
Mar 10We Think CEAT (NSE:CEATLTD) Is Taking Some Risk With Its Debt
Feb 13Did CEAT Limited (NSE:CEATLTD) Insiders Buy Up More Shares?
Feb 01CEAT Limited's (NSE:CEATLTD) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Jan 21
Why CEAT's (NSE:CEATLTD) CEO Pay Matters
Jan 10What Kind Of Shareholders Own CEAT Limited (NSE:CEATLTD)?
Dec 29What Type Of Returns Would CEAT's(NSE:CEATLTD) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Dec 16Will CEAT (NSE:CEATLTD) Multiply In Value Going Forward?
Dec 04Is CEAT (NSE:CEATLTD) A Risky Investment?
Nov 10CEAT Limited Just Recorded A 394% EPS Beat: Here's What Analysts Are Forecasting Next
Oct 29CEAT Limited (NSE:CEATLTD) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Oct 21Read This Before Selling CEAT Limited (NSE:CEATLTD) Shares
Oct 08What Did CEAT's (NSE:CEATLTD) CEO Take Home Last Year?
Sep 25What Kind Of Shareholders Hold The Majority In CEAT Limited's (NSE:CEATLTD) Shares?
Sep 14Should We Be Excited About The Trends Of Returns At CEAT (NSE:CEATLTD)?
Sep 01Earnings Tell The Story For CEAT Limited (NSE:CEATLTD)
Aug 20CEAT (NSE:CEATLTD) Share Prices Have Dropped 55% In The Last Three Years
Jul 31Looking For Steady Income For Your Dividend Portfolio? Is CEAT Limited (NSE:CEATLTD) A Good Fit?
Jul 13Financial Position Analysis
Short Term Liabilities: CEATLTD's short term assets (₹27.7B) do not cover its short term liabilities (₹42.7B).
Long Term Liabilities: CEATLTD's short term assets (₹27.7B) exceed its long term liabilities (₹17.8B).
Debt to Equity History and Analysis
Debt Level: CEATLTD's net debt to equity ratio (53.7%) is considered high.
Reducing Debt: CEATLTD's debt to equity ratio has increased from 34.5% to 54.8% over the past 5 years.
Debt Coverage: CEATLTD's debt is well covered by operating cash flow (77.2%).
Interest Coverage: CEATLTD's interest payments on its debt are well covered by EBIT (4.5x coverage).