Ashok Leyland - Indebtedness

Ashok Leyland's net debt stood at INR 200 bil and accounted for 225% of equity at the end of 2019. The ratio is up 54.2 pp compared to the previous year.

Historically, the firm’s net debt to equity reached a high of 225% in 2019 and a low of 60.3% in 2010 between 2008 and 2019. The average for the last five years was 170%.

Net debt to EBITDA was calculated at 6.49x at the end of the year. That is up from 5.23x seen in 2014. The ratio reached a high of 23.6x in 2013 and a low of 1.97x in 2010.

The company’s cost of funding amounted to 8.62% in 2019, down which is above the 5-year of 8.71%. Funding costs have “eaten” some 72.2% of the operating profit generated in 2019.

You can see all the company’s data at Ashok Leyland profile, or you can download a report on the company in the report section.