Wheels India Balance Sheet Health
Financial Health criteria checks 2/6
Wheels India has a total shareholder equity of ₹8.0B and total debt of ₹7.9B, which brings its debt-to-equity ratio to 98.4%. Its total assets and total liabilities are ₹31.2B and ₹23.2B respectively. Wheels India's EBIT is ₹1.6B making its interest coverage ratio 1.3. It has cash and short-term investments of ₹214.5M.
Key information
98.4%
Debt to equity ratio
₹7.88b
Debt
| Interest coverage ratio | 1.3x |
| Cash | ₹214.50m |
| Equity | ₹8.00b |
| Total liabilities | ₹23.18b |
| Total assets | ₹31.18b |
Recent financial health updates
Is Wheels India (NSE:WHEELS) Using Too Much Debt?
Feb 15
Is Wheels India (NSE:WHEELS) A Risky Investment?
Jul 13Is Wheels India (NSE:WHEELS) A Risky Investment?
Jan 19Recent updates
Wheels India's (NSE:WHEELS) Dividend Is Being Reduced To ₹3.97
Jun 29Wheels India's (NSE:WHEELS) Dividend Will Be Reduced To ₹3.97
May 21Is Wheels India (NSE:WHEELS) Using Too Much Debt?
Feb 15Capital Allocation Trends At Wheels India (NSE:WHEELS) Aren't Ideal
Oct 22It's Unlikely That Shareholders Will Increase Wheels India Limited's (NSE:WHEELS) Compensation By Much This Year
Jul 28Is Wheels India (NSE:WHEELS) A Risky Investment?
Jul 13Some Investors May Be Worried About Wheels India's (NSE:WHEELS) Returns On Capital
May 18A Look At Wheels India's (NSE:WHEELS) Share Price Returns
Mar 19Investors In Wheels India Limited (NSE:WHEELS) Should Consider This, First
Feb 16
Is Wheels India (NSE:WHEELS) A Risky Investment?
Jan 19Our Take On The Returns On Capital At Wheels India (NSE:WHEELS)
Dec 21If You Had Bought Wheels India's (NSE:WHEELS) Shares Three Years Ago You Would Be Down 50%
Nov 23Financial Position Analysis
Short Term Liabilities: WHEELS's short term assets (₹18.4B) do not cover its short term liabilities (₹20.3B).
Long Term Liabilities: WHEELS's short term assets (₹18.4B) exceed its long term liabilities (₹2.9B).
Debt to Equity History and Analysis
Debt Level: WHEELS's net debt to equity ratio (95.7%) is considered high.
Reducing Debt: WHEELS's debt to equity ratio has increased from 70.9% to 98.4% over the past 5 years.
Debt Coverage: WHEELS's debt is well covered by operating cash flow (46.4%).
Interest Coverage: WHEELS's interest payments on its debt are not well covered by EBIT (1.3x coverage).