Lumax Auto Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Lumax Auto Technologies has a total shareholder equity of ₹9.1B and total debt of ₹7.2B, which brings its debt-to-equity ratio to 79.1%. Its total assets and total liabilities are ₹23.5B and ₹14.4B respectively. Lumax Auto Technologies's EBIT is ₹2.3B making its interest coverage ratio 4.7. It has cash and short-term investments of ₹3.2B.
Key information
79.1%
Debt to equity ratio
₹7.21b
Debt
Interest coverage ratio | 4.7x |
Cash | ₹3.18b |
Equity | ₹9.11b |
Total liabilities | ₹14.41b |
Total assets | ₹23.52b |
Recent financial health updates
Is Lumax Auto Technologies (NSE:LUMAXTECH) Using Too Much Debt?
Sep 27Here's Why Lumax Auto Technologies (NSE:LUMAXTECH) Has A Meaningful Debt Burden
Jan 08Recent updates
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 10Would 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 19Here's Why Lumax Auto Technologies (NSE:LUMAXTECH) Has A Meaningful Debt Burden
Jan 08Is Lumax Auto Technologies Limited's (NSE:LUMAXTECH) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Dec 28The Trends At Lumax Auto Technologies (NSE:LUMAXTECH) That You Should Know About
Dec 18Need To Know: Lumax Auto Technologies Limited (NSE:LUMAXTECH) Insiders Have Been Buying Shares
Dec 07Does Lumax Auto Technologies's (NSE:LUMAXTECH) Statutory Profit Adequately Reflect Its Underlying Profit?
Nov 25Financial Position Analysis
Short Term Liabilities: LUMAXTECH's short term assets (₹11.3B) exceed its short term liabilities (₹9.0B).
Long Term Liabilities: LUMAXTECH's short term assets (₹11.3B) exceed its long term liabilities (₹5.4B).
Debt to Equity History and Analysis
Debt Level: LUMAXTECH's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: LUMAXTECH's debt to equity ratio has increased from 6.7% to 79.1% over the past 5 years.
Debt Coverage: LUMAXTECH's debt is well covered by operating cash flow (28.4%).
Interest Coverage: LUMAXTECH's interest payments on its debt are well covered by EBIT (4.7x coverage).