Competent Automobiles Balance Sheet Health
Financial Health criteria checks 2/6
Competent Automobiles has a total shareholder equity of ₹3.5B and total debt of ₹3.3B, which brings its debt-to-equity ratio to 94.3%. Its total assets and total liabilities are ₹7.9B and ₹4.4B respectively. Competent Automobiles's EBIT is ₹575.2M making its interest coverage ratio 2.7. It has cash and short-term investments of ₹107.7M.
Key information
94.3%
Debt to equity ratio
₹3.31b
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹107.70m |
| Equity | ₹3.51b |
| Total liabilities | ₹4.39b |
| Total assets | ₹7.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531041's short term assets (₹4.3B) exceed its short term liabilities (₹3.6B).
Long Term Liabilities: 531041's short term assets (₹4.3B) exceed its long term liabilities (₹739.0M).
Debt to Equity History and Analysis
Debt Level: 531041's net debt to equity ratio (91.2%) is considered high.
Reducing Debt: 531041's debt to equity ratio has increased from 43.9% to 94.3% over the past 5 years.
Debt Coverage: 531041's debt is not well covered by operating cash flow (1.6%).
Interest Coverage: 531041's interest payments on its debt are not well covered by EBIT (2.7x coverage).