Lumax Auto Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Lumax Auto Technologies has a total shareholder equity of ₹10.8B and total debt of ₹6.4B, which brings its debt-to-equity ratio to 59.4%. Its total assets and total liabilities are ₹28.2B and ₹17.5B respectively. Lumax Auto Technologies's EBIT is ₹2.8B making its interest coverage ratio 4.3. It has cash and short-term investments of ₹3.7B.
Key information
59.4%
Debt to equity ratio
₹6.39b
Debt
| Interest coverage ratio | 4.3x |
| Cash | ₹3.68b |
| Equity | ₹10.76b |
| Total liabilities | ₹17.46b |
| Total assets | ₹28.22b |
Recent financial health updates
Recent updates
Market Might Still Lack Some Conviction On Lumax Auto Technologies Limited (NSE:LUMAXTECH) Even After 27% Share Price Boost
Jul 05
Further Upside For Lumax Auto Technologies Limited (NSE:LUMAXTECH) Shares Could Introduce Price Risks After 27% Bounce
Feb 20₹457 - That's What Analysts Think Lumax Auto Technologies Limited (NSE:LUMAXTECH) Is Worth After These Results
Feb 17Is Lumax Auto Technologies (NSE:LUMAXTECH) Using Too Much Debt?
Sep 27Are Lumax Auto Technologies Limited (NSE:LUMAXTECH) Investors Paying Above The Intrinsic Value?
Sep 09What Does Lumax Auto Technologies Limited's (NSE:LUMAXTECH) Share Price Indicate?
Jun 23Does This Valuation Of Lumax Auto Technologies Limited (NSE:LUMAXTECH) Imply Investors Are Overpaying?
May 08Here's Why We Think Lumax Auto Technologies (NSE:LUMAXTECH) Is Well Worth Watching
Feb 24When Should You Buy Lumax Auto Technologies Limited (NSE:LUMAXTECH)?
Jan 08Lumax Auto Technologies (NSE:LUMAXTECH) Has Some Way To Go To Become A Multi-Bagger
Dec 13Lumax Auto Technologies' (NSE:LUMAXTECH) Dividend Will Be Increased To ₹3.00
Aug 08Here's What's Concerning About Lumax Auto Technologies' (NSE:LUMAXTECH) Returns On Capital
Jul 19Does Lumax Auto Technologies Limited (NSE:LUMAXTECH) Have A Place In Your Dividend Portfolio?
May 06Lumax Auto Technologies (NSE:LUMAXTECH) Will Be Hoping To Turn Its Returns On Capital Around
Mar 26Have Insiders Been Buying Lumax Auto Technologies Limited (NSE:LUMAXTECH) Shares?
Mar 15Should You Think About Buying Lumax Auto Technologies Limited (NSE:LUMAXTECH) Now?
Mar 01Rainbows and Unicorns: Lumax Auto Technologies Limited (NSE:LUMAXTECH) Analysts Just Became A Lot More Optimistic
Feb 17Do Insiders Own Lots Of Shares In Lumax Auto Technologies Limited (NSE:LUMAXTECH)?
Feb 10
Would Lumax Auto Technologies Limited (NSE:LUMAXTECH) Be Valuable To Income Investors?
Jan 30Did You Participate In Any Of Lumax Auto Technologies' (NSE:LUMAXTECH) Fantastic 134% Return ?
Jan 19Financial Position Analysis
Short Term Liabilities: LUMAXTECH's short term assets (₹15.0B) exceed its short term liabilities (₹13.9B).
Long Term Liabilities: LUMAXTECH's short term assets (₹15.0B) exceed its long term liabilities (₹3.5B).
Debt to Equity History and Analysis
Debt Level: LUMAXTECH's net debt to equity ratio (25.2%) is considered satisfactory.
Reducing Debt: LUMAXTECH's debt to equity ratio has increased from 18.7% to 59.4% over the past 5 years.
Debt Coverage: LUMAXTECH's debt is well covered by operating cash flow (47.4%).
Interest Coverage: LUMAXTECH's interest payments on its debt are well covered by EBIT (4.3x coverage).