Asian Paints Balance Sheet Health
Financial Health criteria checks 5/6
Asian Paints has a total shareholder equity of ₹171.8B and total debt of ₹23.3B, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are ₹274.2B and ₹102.4B respectively. Asian Paints's EBIT is ₹69.7B making its interest coverage ratio 125.1. It has cash and short-term investments of ₹40.0B.
Key information
13.5%
Debt to equity ratio
₹23.27b
Debt
Interest coverage ratio | 125.1x |
Cash | ₹39.99b |
Equity | ₹171.78b |
Total liabilities | ₹102.44b |
Total assets | ₹274.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500820's short term assets (₹166.4B) exceed its short term liabilities (₹83.7B).
Long Term Liabilities: 500820's short term assets (₹166.4B) exceed its long term liabilities (₹18.7B).
Debt to Equity History and Analysis
Debt Level: 500820 has more cash than its total debt.
Reducing Debt: 500820's debt to equity ratio has increased from 7.6% to 13.5% over the past 5 years.
Debt Coverage: 500820's debt is well covered by operating cash flow (266.8%).
Interest Coverage: 500820's interest payments on its debt are well covered by EBIT (125.1x coverage).