Ashok Leyland Balance Sheet Health
Financial Health criteria checks 1/6
Ashok Leyland has a total shareholder equity of ₹133.1B and total debt of ₹440.4B, which brings its debt-to-equity ratio to 330.9%. Its total assets and total liabilities are ₹706.0B and ₹572.9B respectively. Ashok Leyland's EBIT is ₹76.1B making its interest coverage ratio 2.7. It has cash and short-term investments of ₹55.2B.
Key information
330.9%
Debt to equity ratio
₹440.44b
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹55.20b |
| Equity | ₹133.12b |
| Total liabilities | ₹572.89b |
| Total assets | ₹706.01b |
Recent financial health updates
These 4 Measures Indicate That Ashok Leyland (NSE:ASHOKLEY) Is Using Debt Reasonably Well
Jun 13
We Think Ashok Leyland (NSE:ASHOKLEY) Is Taking Some Risk With Its Debt
Dec 15Ashok Leyland (NSE:ASHOKLEY) Has A Somewhat Strained Balance Sheet
Sep 08Does Ashok Leyland (NSE:ASHOKLEY) Have A Healthy Balance Sheet?
Jun 06Is Ashok Leyland (NSE:ASHOKLEY) A Risky Investment?
Mar 05We Think Ashok Leyland (NSE:ASHOKLEY) Is Taking Some Risk With Its Debt
Jul 24Recent updates
Why Ashok Leyland Limited (NSE:ASHOKLEY) Could Be Worth Watching
Nov 04Returns On Capital At Ashok Leyland (NSE:ASHOKLEY) Have Hit The Brakes
Oct 04Does This Valuation Of Ashok Leyland Limited (NSE:ASHOKLEY) Imply Investors Are Overpaying?
Sep 06Why Investors Shouldn't Be Surprised By Ashok Leyland Limited's (NSE:ASHOKLEY) P/E
Aug 23Investors Met With Slowing Returns on Capital At Ashok Leyland (NSE:ASHOKLEY)
Jun 27These 4 Measures Indicate That Ashok Leyland (NSE:ASHOKLEY) Is Using Debt Reasonably Well
Jun 13Investors Shouldn't Be Too Comfortable With Ashok Leyland's (NSE:ASHOKLEY) Earnings
May 31Is There Now An Opportunity In Ashok Leyland Limited (NSE:ASHOKLEY)?
May 21Ashok Leyland Limited's (NSE:ASHOKLEY) Price Is Right But Growth Is Lacking
Apr 21A Look At The Fair Value Of Ashok Leyland Limited (NSE:ASHOKLEY)
Apr 07Returns On Capital At Ashok Leyland (NSE:ASHOKLEY) Have Hit The Brakes
Mar 24Is Now The Time To Put Ashok Leyland (NSE:ASHOKLEY) On Your Watchlist?
Mar 12Is Now An Opportune Moment To Examine Ashok Leyland Limited (NSE:ASHOKLEY)?
Feb 13Little Excitement Around Ashok Leyland Limited's (NSE:ASHOKLEY) Revenues
Dec 31We Think Ashok Leyland (NSE:ASHOKLEY) Is Taking Some Risk With Its Debt
Dec 15Should You Be Adding Ashok Leyland (NSE:ASHOKLEY) To Your Watchlist Today?
Nov 30Ashok Leyland (NSE:ASHOKLEY) Has A Somewhat Strained Balance Sheet
Sep 08Be Wary Of Ashok Leyland (NSE:ASHOKLEY) And Its Returns On Capital
Aug 18Does Ashok Leyland (NSE:ASHOKLEY) Have A Healthy Balance Sheet?
Jun 06There Are Reasons To Feel Uneasy About Ashok Leyland's (NSE:ASHOKLEY) Returns On Capital
May 15Is Ashok Leyland (NSE:ASHOKLEY) A Risky Investment?
Mar 05Capital Allocation Trends At Ashok Leyland (NSE:ASHOKLEY) Aren't Ideal
Feb 11We Think Ashok Leyland's (NSE:ASHOKLEY) Robust Earnings Are Conservative
Nov 17Ashok Leyland (NSE:ASHOKLEY) Will Be Hoping To Turn Its Returns On Capital Around
Oct 10We Think Ashok Leyland (NSE:ASHOKLEY) Is Taking Some Risk With Its Debt
Jul 24Ashok Leyland (NSE:ASHOKLEY) Could Be Struggling To Allocate Capital
May 22The Returns On Capital At Ashok Leyland (NSE:ASHOKLEY) Don't Inspire Confidence
Feb 11Is Ashok Leyland (NSE:ASHOKLEY) A Risky Investment?
Dec 20Returns On Capital Signal Tricky Times Ahead For Ashok Leyland (NSE:ASHOKLEY)
Nov 03Capital Allocation Trends At Ashok Leyland (NSE:ASHOKLEY) Aren't Ideal
Apr 08Are Institutions Heavily Invested In Ashok Leyland Limited's (NSE:ASHOKLEY) Shares?
Mar 19Are Insiders Selling Ashok Leyland Limited (NSE:ASHOKLEY) Stock?
Mar 01Should You Investigate Ashok Leyland Limited (NSE:ASHOKLEY) At ₹135?
Feb 11Does Ashok Leyland (NSE:ASHOKLEY) Have A Healthy Balance Sheet?
Jan 27Financial Position Analysis
Short Term Liabilities: ASHOKLEY's short term assets (₹265.1B) exceed its short term liabilities (₹231.5B).
Long Term Liabilities: ASHOKLEY's short term assets (₹265.1B) do not cover its long term liabilities (₹341.4B).
Debt to Equity History and Analysis
Debt Level: ASHOKLEY's net debt to equity ratio (289.4%) is considered high.
Reducing Debt: ASHOKLEY's debt to equity ratio has increased from 213% to 330.9% over the past 5 years.
Debt Coverage: ASHOKLEY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ASHOKLEY's interest payments on its debt are not well covered by EBIT (2.7x coverage).