Force Motors Balance Sheet Health
Financial Health criteria checks 5/6
Force Motors has a total shareholder equity of ₹22.6B and total debt of ₹5.2B, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are ₹44.1B and ₹21.6B respectively. Force Motors's EBIT is ₹6.8B making its interest coverage ratio 11. It has cash and short-term investments of ₹4.5B.
Key information
23.2%
Debt to equity ratio
₹5.25b
Debt
Interest coverage ratio | 11x |
Cash | ₹4.49b |
Equity | ₹22.57b |
Total liabilities | ₹21.57b |
Total assets | ₹44.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500033's short term assets (₹20.5B) exceed its short term liabilities (₹16.4B).
Long Term Liabilities: 500033's short term assets (₹20.5B) exceed its long term liabilities (₹5.2B).
Debt to Equity History and Analysis
Debt Level: 500033's net debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: 500033's debt to equity ratio has increased from 14.8% to 23.2% over the past 5 years.
Debt Coverage: 500033's debt is well covered by operating cash flow (193.4%).
Interest Coverage: 500033's interest payments on its debt are well covered by EBIT (11x coverage).