Competent Automobiles Balance Sheet Health
Financial Health criteria checks 2/6
Competent Automobiles has a total shareholder equity of ₹3.2B and total debt of ₹3.0B, which brings its debt-to-equity ratio to 93.3%. Its total assets and total liabilities are ₹6.4B and ₹3.2B respectively. Competent Automobiles's EBIT is ₹502.9M making its interest coverage ratio 2.6. It has cash and short-term investments of ₹89.2M.
Key information
93.3%
Debt to equity ratio
₹2.99b
Debt
Interest coverage ratio | 2.6x |
Cash | ₹89.24m |
Equity | ₹3.20b |
Total liabilities | ₹3.24b |
Total assets | ₹6.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531041's short term assets (₹3.6B) exceed its short term liabilities (₹2.7B).
Long Term Liabilities: 531041's short term assets (₹3.6B) exceed its long term liabilities (₹537.8M).
Debt to Equity History and Analysis
Debt Level: 531041's net debt to equity ratio (90.5%) is considered high.
Reducing Debt: 531041's debt to equity ratio has increased from 73.6% to 93.3% over the past 5 years.
Debt Coverage: 531041's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531041's interest payments on its debt are not well covered by EBIT (2.6x coverage).