Ashok Leyland Balance Sheet Health
Financial Health criteria checks 1/6
Ashok Leyland has a total shareholder equity of ₹118.1B and total debt of ₹408.0B, which brings its debt-to-equity ratio to 345.4%. Its total assets and total liabilities are ₹676.6B and ₹558.5B respectively. Ashok Leyland's EBIT is ₹73.7B making its interest coverage ratio 2.4. It has cash and short-term investments of ₹68.6B.
Key information
345.4%
Debt to equity ratio
₹408.04b
Debt
| Interest coverage ratio | 2.4x |
| Cash | ₹68.62b |
| Equity | ₹118.15b |
| Total liabilities | ₹558.46b |
| Total assets | ₹676.60b |
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
Does 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 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 13Financial Position Analysis
Short Term Liabilities: ASHOKLEY's short term assets (₹291.3B) exceed its short term liabilities (₹266.8B).
Long Term Liabilities: ASHOKLEY's short term assets (₹291.3B) do not cover its long term liabilities (₹291.7B).
Debt to Equity History and Analysis
Debt Level: ASHOKLEY's net debt to equity ratio (287.3%) is considered high.
Reducing Debt: ASHOKLEY's debt to equity ratio has increased from 195.2% to 345.4% 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 (2.4x coverage).