Cummins India Balance Sheet Health
Financial Health criteria checks 6/6
Cummins India has a total shareholder equity of ₹69.7B and total debt of ₹281.0M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are ₹94.0B and ₹24.3B respectively. Cummins India's EBIT is ₹21.6B making its interest coverage ratio -19. It has cash and short-term investments of ₹28.0B.
Key information
0.40%
Debt to equity ratio
₹281.00m
Debt
| Interest coverage ratio | -19x |
| Cash | ₹28.02b |
| Equity | ₹69.67b |
| Total liabilities | ₹24.30b |
| Total assets | ₹93.97b |
Recent financial health updates
Is Cummins India (NSE:CUMMINSIND) A Risky Investment?
Feb 25
Cummins India (NSE:CUMMINSIND) Has A Rock Solid Balance Sheet
Jul 12Recent updates
Subdued Growth No Barrier To Cummins India Limited's (NSE:CUMMINSIND) Price
Apr 21Is Cummins India (NSE:CUMMINSIND) A Risky Investment?
Feb 25Is It Too Late To Consider Buying Cummins India Limited (NSE:CUMMINSIND)?
Jan 26Cummins India (NSE:CUMMINSIND) Is Investing Its Capital With Increasing Efficiency
Dec 03We Think That There Are Issues Underlying Cummins India's (NSE:CUMMINSIND) Earnings
Nov 15Should You Investigate Cummins India Limited (NSE:CUMMINSIND) At ₹3,370?
Oct 26Pinning Down Cummins India Limited's (NSE:CUMMINSIND) P/E Is Difficult Right Now
Aug 21We Take A Look At Why Cummins India Limited's (NSE:CUMMINSIND) CEO Has Earned Their Pay Packet
Aug 01Investors Shouldn't Overlook Cummins India's (NSE:CUMMINSIND) Impressive Returns On Capital
Jul 29Cummins India (NSE:CUMMINSIND) Has A Rock Solid Balance Sheet
Jul 12We Ran A Stock Scan For Earnings Growth And Cummins India (NSE:CUMMINSIND) Passed With Ease
Jun 27Financial Position Analysis
Short Term Liabilities: CUMMINSIND's short term assets (₹63.1B) exceed its short term liabilities (₹21.1B).
Long Term Liabilities: CUMMINSIND's short term assets (₹63.1B) exceed its long term liabilities (₹3.2B).
Debt to Equity History and Analysis
Debt Level: CUMMINSIND has more cash than its total debt.
Reducing Debt: CUMMINSIND's debt to equity ratio has reduced from 7.8% to 0.4% over the past 5 years.
Debt Coverage: CUMMINSIND's debt is well covered by operating cash flow (4455.1%).
Interest Coverage: CUMMINSIND earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/22 19:02 |
| End of Day Share Price | 2025/05/22 00:00 |
| Earnings | 2024/12/31 |
| 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 Github.
Analyst Sources
Cummins India Limited is covered by 60 analysts. 19 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 |
|---|---|
| null null | Anand Rathi Shares and Stock Brokers Limited |
| null null | Antique Stockbroking Ltd. |
| Vijayaraghavan Swaminathan | Avendus Spark |