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
We Think Ashok Leyland (NSE:ASHOKLEY) Is Taking Some Risk With Its Debt
Dec 15
Ashok 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 24Is Ashok Leyland (NSE:ASHOKLEY) A Risky Investment?
Dec 20Recent updates
Ashok 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 27Know This Before Buying Ashok Leyland Limited (NSE:ASHOKLEY) For Its Dividend
Jan 15Our Take On The Returns On Capital At Ashok Leyland (NSE:ASHOKLEY)
Dec 28Would Shareholders Who Purchased Ashok Leyland's (NSE:ASHOKLEY) Stock Three Years Be Happy With The Share price Today?
Dec 13A Look At The Fair Value Of Ashok Leyland Limited (NSE:ASHOKLEY)
Nov 28Based On Its ROE, Is Ashok Leyland Limited (NSE:ASHOKLEY) A High Quality Stock?
Jul 06Financial Position Analysis
Short Term Liabilities: ASHOKLEY's short term assets (₹266.7B) exceed its short term liabilities (₹230.7B).
Long Term Liabilities: ASHOKLEY's short term assets (₹266.7B) exceed its long term liabilities (₹238.2B).
Debt to Equity History and Analysis
Debt Level: ASHOKLEY's net debt to equity ratio (257.5%) is considered high.
Reducing Debt: ASHOKLEY's debt to equity ratio has increased from 194.5% to 306.5% 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 well covered by EBIT (3x coverage).