Innovative Tyres & Tubes Balance Sheet Health
Financial Health criteria checks 1/6
Innovative Tyres & Tubes has a total shareholder equity of ₹700.0K and total debt of ₹328.2M, which brings its debt-to-equity ratio to 46888.9%. Its total assets and total liabilities are ₹342.2M and ₹341.5M respectively.
Key information
46,888.9%
Debt to equity ratio
₹328.22m
Debt
| Interest coverage ratio | n/a |
| Cash | ₹1.04m |
| Equity | ₹700.00k |
| Total liabilities | ₹341.46m |
| Total assets | ₹342.16m |
Financial Position Analysis
Short Term Liabilities: INNOVATIVE's short term assets (₹22.7M) do not cover its short term liabilities (₹328.0M).
Long Term Liabilities: INNOVATIVE's short term assets (₹22.7M) exceed its long term liabilities (₹13.5M).
Debt to Equity History and Analysis
Debt Level: INNOVATIVE's net debt to equity ratio (46739.9%) is considered high.
Reducing Debt: INNOVATIVE's debt to equity ratio has increased from 20.2% to 46888.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: INNOVATIVE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: INNOVATIVE has less than a year of cash runway if free cash flow continues to grow at historical rates of 46.8% each year.