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
Recent updates
Ashok Leyland Limited (NSE:ASHOKLEY) Looks Inexpensive But Perhaps Not Attractive Enough
Dec 23
Ashok Leyland Limited's (NSE:ASHOKLEY) Intrinsic Value Is Potentially 20% Below Its Share Price
Dec 09Why 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 31Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 00:00 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ashok Leyland Limited is covered by 75 analysts. 39 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jinesh Gandhi | Ambit Capital |
| Mumuksh Mandlesha | Anand Rathi Shares and Stock Brokers Limited |
| Shrikant Akolkar | Angel Broking Private Limited |