Cummins India Financial Health
Financial Health criteria checks 6/6
Cummins India has a total shareholder equity of ₹57.6B and total debt of ₹3.5B, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are ₹79.2B and ₹21.6B respectively. Cummins India's EBIT is ₹14.1B making its interest coverage ratio 87.1. It has cash and short-term investments of ₹24.8B.
Key information
6.1%
Debt to equity ratio
₹3.50b
Debt
| Interest coverage ratio | 87.1x |
| Cash | ₹24.77b |
| Equity | ₹57.58b |
| Total liabilities | ₹21.60b |
| Total assets | ₹79.19b |
Recent financial health updates
Is Cummins India (NSE:CUMMINSIND) Using Too Much Debt?
Mar 15
Is Cummins India (NSE:CUMMINSIND) A Risky Investment?
Dec 04We Think Cummins India (NSE:CUMMINSIND) Can Manage Its Debt With Ease
Jul 02Cummins India (NSE:CUMMINSIND) Could Easily Take On More Debt
Dec 27Cummins India (NSE:CUMMINSIND) Seems To Use Debt Rather Sparingly
Sep 05These 4 Measures Indicate That Cummins India (NSE:CUMMINSIND) Is Using Debt Reasonably Well
Mar 29Recent updates
Cummins India (NSE:CUMMINSIND) Is Paying Out A Larger Dividend Than Last Year
May 27If EPS Growth Is Important To You, Cummins India (NSE:CUMMINSIND) Presents An Opportunity
May 23Is Cummins India (NSE:CUMMINSIND) Using Too Much Debt?
Mar 15Cummins India (NSE:CUMMINSIND) Will Pay A Larger Dividend Than Last Year At ₹12.00
Feb 11Should You Be Adding Cummins India (NSE:CUMMINSIND) To Your Watchlist Today?
Jan 31Investors Met With Slowing Returns on Capital At Cummins India (NSE:CUMMINSIND)
Jan 18Is Cummins India (NSE:CUMMINSIND) A Risky Investment?
Dec 04Returns At Cummins India (NSE:CUMMINSIND) Appear To Be Weighed Down
Oct 10Should You Be Adding Cummins India (NSE:CUMMINSIND) To Your Watchlist Today?
Sep 24Is Now An Opportune Moment To Examine Cummins India Limited (NSE:CUMMINSIND)?
Sep 10Cummins India (NSE:CUMMINSIND) Is Increasing Its Dividend To ₹10.50
Jul 18We Think Cummins India (NSE:CUMMINSIND) Can Manage Its Debt With Ease
Jul 02Cummins India (NSE:CUMMINSIND) Is Increasing Its Dividend To ₹10.50
May 29Returns On Capital At Cummins India (NSE:CUMMINSIND) Have Hit The Brakes
May 18With EPS Growth And More, Cummins India (NSE:CUMMINSIND) Is Interesting
Mar 30At ₹1,027, Is Cummins India Limited (NSE:CUMMINSIND) Worth Looking At Closely?
Mar 16Cummins India's (NSE:CUMMINSIND) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 12Returns At Cummins India (NSE:CUMMINSIND) Appear To Be Weighed Down
Feb 11Cummins India (NSE:CUMMINSIND) Could Easily Take On More Debt
Dec 27Should You Think About Buying Cummins India Limited (NSE:CUMMINSIND) Now?
Dec 07Cummins India (NSE:CUMMINSIND) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Nov 03Are Cummins India Limited (NSE:CUMMINSIND) Investors Paying Above The Intrinsic Value?
Oct 22Cummins India (NSE:CUMMINSIND) Could Be Struggling To Allocate Capital
Sep 23Cummins India (NSE:CUMMINSIND) Seems To Use Debt Rather Sparingly
Sep 05I Ran A Stock Scan For Earnings Growth And Cummins India (NSE:CUMMINSIND) Passed With Ease
Aug 17Should You Think About Buying Cummins India Limited (NSE:CUMMINSIND) Now?
Jul 02Investors Could Be Concerned With Cummins India's (NSE:CUMMINSIND) Returns On Capital
Jun 15Looking For Steady Income For Your Dividend Portfolio? Is Cummins India Limited (NSE:CUMMINSIND) A Good Fit?
May 09These 4 Measures Indicate That Cummins India (NSE:CUMMINSIND) Is Using Debt Reasonably Well
Mar 29Will Cummins India (NSE:CUMMINSIND) Multiply In Value Going Forward?
Mar 11Investors Who Bought Cummins India (NSE:CUMMINSIND) Shares A Year Ago Are Now Up 39%
Feb 22It Might Not Be A Great Idea To Buy Cummins India Limited (NSE:CUMMINSIND) For Its Next Dividend
Feb 04Zooming in on NSE:CUMMINSIND's 2.2% Dividend Yield
Jan 29Don't Buy Cummins India Limited (NSE:CUMMINSIND) For Its Next Dividend Without Doing These Checks
Aug 12
It Might Not Be A Great Idea To Buy Cummins India Limited (NSE:CUMMINSIND) For Its Next Dividend
Aug 12Is Cummins India (NSE:CUMMINSIND) Using Too Much Debt?
Jul 26Investors In Cummins India Limited (NSE:CUMMINSIND) Should Consider This, First
Jun 23Financial Position Analysis
Short Term Liabilities: CUMMINSIND's short term assets (₹51.0B) exceed its short term liabilities (₹18.9B).
Long Term Liabilities: CUMMINSIND's short term assets (₹51.0B) exceed its long term liabilities (₹2.7B).
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 6.2% to 6.1% over the past 5 years.
Debt Coverage: CUMMINSIND's debt is well covered by operating cash flow (234.2%).
Interest Coverage: CUMMINSIND's interest payments on its debt are well covered by EBIT (87.1x coverage).