Lumax Industries Balance Sheet Health
Financial Health criteria checks 2/6
Lumax Industries has a total shareholder equity of ₹6.1B and total debt of ₹6.0B, which brings its debt-to-equity ratio to 98.2%. Its total assets and total liabilities are ₹21.2B and ₹15.1B respectively. Lumax Industries's EBIT is ₹1.4B making its interest coverage ratio 3.3. It has cash and short-term investments of ₹103.1M.
Key information
98.2%
Debt to equity ratio
₹5.97b
Debt
| Interest coverage ratio | 3.3x |
| Cash | ₹103.07m |
| Equity | ₹6.08b |
| Total liabilities | ₹15.08b |
| Total assets | ₹21.16b |
Recent financial health updates
Lumax Industries (NSE:LUMAXIND) Has A Somewhat Strained Balance Sheet
Feb 23
These 4 Measures Indicate That Lumax Industries (NSE:LUMAXIND) Is Using Debt Extensively
Jul 08
Recent updates
Market Still Lacking Some Conviction On Lumax Industries Limited (NSE:LUMAXIND)
Feb 14When Should You Buy Lumax Industries Limited (NSE:LUMAXIND)?
Jun 06Here's What To Make Of Lumax Industries' (NSE:LUMAXIND) Decelerating Rates Of Return
Dec 25Here's Why Shareholders May Want To Be Cautious With Increasing Lumax Industries Limited's (NSE:LUMAXIND) CEO Pay Packet
Aug 24Lumax Industries' (NSE:LUMAXIND) Dividend Will Be Increased To ₹7.00
Aug 17Lumax Industries (NSE:LUMAXIND) Is Increasing Its Dividend To ₹7.00
Aug 03Lumax Industries' (NSE:LUMAXIND) Dividend Will Be Increased To ₹7.00
Jun 13Some Investors May Be Worried About Lumax Industries' (NSE:LUMAXIND) Returns On Capital
Apr 04Lumax Industries Limited's (NSE:LUMAXIND) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Mar 15Lumax Industries (NSE:LUMAXIND) Has A Somewhat Strained Balance Sheet
Feb 23Does Lumax Industries' (NSE:LUMAXIND) CEO Salary Compare Well With The Performance Of The Company?
Jan 26What You Need To Know About Lumax Industries Limited's (NSE:LUMAXIND) Investor Composition
Jan 14Here's Why We Don't Think Lumax Industries's (NSE:LUMAXIND) Statutory Earnings Reflect Its Underlying Earnings Potential
Jan 01Is Lumax Industries (NSE:LUMAXIND) Likely To Turn Things Around?
Dec 19Something To Consider Before Buying Lumax Industries Limited (NSE:LUMAXIND) For The 1.7% Dividend
Dec 06Lumax Industries Limited's (NSE:LUMAXIND) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Nov 21Lumax Industries (NSE:LUMAXIND) Has Gifted Shareholders With A Fantastic 234% Total Return On Their Investment
Nov 08How Should Investors Feel About Lumax Industries' (NSE:LUMAXIND) CEO Remuneration?
Oct 25Do Insiders Own Lots Of Shares In Lumax Industries Limited (NSE:LUMAXIND)?
Oct 11Is Lumax Industries Limited (NSE:LUMAXIND) Worth ₹1.3k Based On Its Intrinsic Value?
Sep 27Is There Now An Opportunity In Lumax Industries Limited (NSE:LUMAXIND)?
Sep 14Lumax Industries Limited (NSE:LUMAXIND) Investors Should Think About This Before Buying It For Its Dividend
Sep 01Should We Be Excited About The Trends Of Returns At Lumax Industries (NSE:LUMAXIND)?
Aug 19Did You Participate In Any Of Lumax Industries' (NSE:LUMAXIND) Fantastic 235% Return ?
Aug 04Is Lumax Industries Limited's (NSE:LUMAXIND) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Jul 22Investor Optimism Abounds Lumax Industries Limited (NSE:LUMAXIND) But Growth Is Lacking
Jul 09These 4 Measures Indicate That Lumax Industries (NSE:LUMAXIND) Is Using Debt Extensively
Jul 08Financial Position Analysis
Short Term Liabilities: LUMAXIND's short term assets (₹9.4B) do not cover its short term liabilities (₹12.1B).
Long Term Liabilities: LUMAXIND's short term assets (₹9.4B) exceed its long term liabilities (₹3.0B).
Debt to Equity History and Analysis
Debt Level: LUMAXIND's net debt to equity ratio (96.5%) is considered high.
Reducing Debt: LUMAXIND's debt to equity ratio has increased from 31.5% to 98.2% over the past 5 years.
Debt Coverage: LUMAXIND's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: LUMAXIND's interest payments on its debt are well covered by EBIT (3.3x coverage).