Ashok Leyland Balance Sheet Health
Financial Health criteria checks 3/6
Ashok Leyland has a total shareholder equity of ₹112.2B and total debt of ₹343.9B, which brings its debt-to-equity ratio to 306.5%. Its total assets and total liabilities are ₹581.1B and ₹468.9B respectively. Ashok Leyland's EBIT is ₹63.5B making its interest coverage ratio 3. It has cash and short-term investments of ₹55.0B.
Key information
306.5%
Debt to equity ratio
₹343.92b
Debt
Interest coverage ratio | 3x |
Cash | ₹55.03b |
Equity | ₹112.20b |
Total liabilities | ₹468.90b |
Total assets | ₹581.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500477's short term assets (₹266.7B) exceed its short term liabilities (₹230.7B).
Long Term Liabilities: 500477's short term assets (₹266.7B) exceed its long term liabilities (₹238.2B).
Debt to Equity History and Analysis
Debt Level: 500477's net debt to equity ratio (257.5%) is considered high.
Reducing Debt: 500477's debt to equity ratio has increased from 194.5% to 306.5% over the past 5 years.
Debt Coverage: 500477's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 500477's interest payments on its debt are well covered by EBIT (3x coverage).