Cummins India Balance Sheet Health
Financial Health criteria checks 6/6
Cummins India has a total shareholder equity of ₹69.7B and total debt of ₹14.9M, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are ₹94.0B and ₹24.3B respectively. Cummins India's EBIT is ₹21.0B making its interest coverage ratio -19.1. It has cash and short-term investments of ₹28.0B.
Key information
0.02%
Debt to equity ratio
₹14.90m
Debt
| Interest coverage ratio | -19.1x |
| Cash | ₹28.02b |
| Equity | ₹69.67b |
| Total liabilities | ₹24.30b |
| Total assets | ₹93.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500480's short term assets (₹63.1B) exceed its short term liabilities (₹21.1B).
Long Term Liabilities: 500480's short term assets (₹63.1B) exceed its long term liabilities (₹3.2B).
Debt to Equity History and Analysis
Debt Level: 500480 has more cash than its total debt.
Reducing Debt: 500480's debt to equity ratio has reduced from 7.3% to 0.02% over the past 5 years.
Debt Coverage: 500480's debt is well covered by operating cash flow (84018.1%).
Interest Coverage: 500480 earns more interest than it pays, so coverage of interest payments is not a concern.