Cummins India Balance Sheet Health
Financial Health criteria checks 6/6
Cummins India has a total shareholder equity of ₹60.8B and total debt of ₹2.8B, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are ₹83.1B and ₹22.3B respectively. Cummins India's EBIT is ₹16.4B making its interest coverage ratio -33.4. It has cash and short-term investments of ₹26.6B.
Key information
4.6%
Debt to equity ratio
₹2.77b
Debt
Interest coverage ratio | -33.4x |
Cash | ₹26.57b |
Equity | ₹60.80b |
Total liabilities | ₹22.32b |
Total assets | ₹83.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500480's short term assets (₹53.6B) exceed its short term liabilities (₹18.9B).
Long Term Liabilities: 500480's short term assets (₹53.6B) exceed its long term liabilities (₹3.4B).
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% to 4.6% over the past 5 years.
Debt Coverage: 500480's debt is well covered by operating cash flow (427.5%).
Interest Coverage: 500480 earns more interest than it pays, so coverage of interest payments is not a concern.