Tolins Tyres Balance Sheet Health
Financial Health criteria checks 3/6
Tolins Tyres has a total shareholder equity of ₹1.0B and total debt of ₹787.7M, which brings its debt-to-equity ratio to 78.4%. Its total assets and total liabilities are ₹2.2B and ₹1.2B respectively. Tolins Tyres's EBIT is ₹443.9M making its interest coverage ratio 4.9. It has cash and short-term investments of ₹8.8M.
Key information
78.4%
Debt to equity ratio
₹787.72m
Debt
| Interest coverage ratio | 4.9x |
| Cash | ₹8.81m |
| Equity | ₹1.01b |
| Total liabilities | ₹1.21b |
| Total assets | ₹2.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOLINS's short term assets (₹1.6B) exceed its short term liabilities (₹1.1B).
Long Term Liabilities: TOLINS's short term assets (₹1.6B) exceed its long term liabilities (₹95.5M).
Debt to Equity History and Analysis
Debt Level: TOLINS's net debt to equity ratio (77.5%) is considered high.
Reducing Debt: Insufficient data to determine if TOLINS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TOLINS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TOLINS's interest payments on its debt are well covered by EBIT (4.9x coverage).