Transport Corporation of India Balance Sheet Health
Financial Health criteria checks 6/6
Transport of India has a total shareholder equity of ₹18.9B and total debt of ₹1.6B, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are ₹23.2B and ₹4.3B respectively. Transport of India's EBIT is ₹3.0B making its interest coverage ratio -1019.7. It has cash and short-term investments of ₹3.0B.
Key information
8.4%
Debt to equity ratio
₹1.59b
Debt
Interest coverage ratio | -1019.7x |
Cash | ₹3.00b |
Equity | ₹18.92b |
Total liabilities | ₹4.26b |
Total assets | ₹23.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532349's short term assets (₹11.3B) exceed its short term liabilities (₹2.7B).
Long Term Liabilities: 532349's short term assets (₹11.3B) exceed its long term liabilities (₹1.6B).
Debt to Equity History and Analysis
Debt Level: 532349 has more cash than its total debt.
Reducing Debt: 532349's debt to equity ratio has reduced from 53.5% to 8.4% over the past 5 years.
Debt Coverage: 532349's debt is well covered by operating cash flow (223%).
Interest Coverage: 532349 earns more interest than it pays, so coverage of interest payments is not a concern.