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 ₹14.9M, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are ₹94.0B and ₹24.3B respectively. Cummins India's EBIT is ₹21.0B making its interest coverage ratio -19.1. It has cash and short-term investments of ₹28.0B.
Key information
0.02%
Debt to equity ratio
₹14.90m
Debt
| Interest coverage ratio | -19.1x |
| Cash | ₹28.02b |
| Equity | ₹69.67b |
| Total liabilities | ₹24.30b |
| Total assets | ₹93.97b |
Recent financial health updates
Recent updates
Cummins India (NSE:CUMMINSIND) Is Investing Its Capital With Increasing Efficiency
Dec 03
We 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 27Cummins India Limited's (NSE:CUMMINSIND) 27% Price Boost Is Out Of Tune With Earnings
May 21Is There Now An Opportunity In Cummins India Limited (NSE:CUMMINSIND)?
Apr 02Shareholders Would Enjoy A Repeat Of Cummins India's (NSE:CUMMINSIND) Recent Growth In Returns
Mar 18Here's Why Cummins India (NSE:CUMMINSIND) Has Caught The Eye Of Investors
Mar 03Earnings Not Telling The Story For Cummins India Limited (NSE:CUMMINSIND) After Shares Rise 29%
Feb 18Cummins India's (NSE:CUMMINSIND) Dividend Will Be Increased To ₹18.00
Feb 10Financial 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 7.3% to 0.02% over the past 5 years.
Debt Coverage: CUMMINSIND's debt is well covered by operating cash flow (84018.1%).
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 | 2025/01/07 20:05 |
| End of Day Share Price | 2025/01/07 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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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
Cummins India Limited is covered by 58 analysts. 21 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 |
|---|---|
| Dhruv Jain | Ambit Capital |
| null null | Anand Rathi Shares and Stock Brokers Limited |
| null null | Antique Stockbroking Ltd. |