Financial Ratios in Indian Automobile Industry
Autor: Gaza • November 23, 2016 • Essay • 579 Words (3 Pages) • 993 Views
Financial Analysis – Y-o-Y Significant Movements
Balance Sheet Highlights
Description | 2011 (₹ Crores) | 2012 (₹ Crores) | 2013 (₹ Crores) | 2014 (₹ Crores) | 2015 (₹ Crores) | Increase (₹ Crores) | Increase (%) |
Debt | 37,216 | 51,568 | 63,144 | 80,846 | 90,699 | 53,483 | 143.71% |
Share Capital | 120 | 122 | 123 | 185 | 186 | 66 | 55.00% |
Reserves | 20,521 | 29,264 | 33,737 | 37,526 | 40,723 | 20,202 | 98.45% |
Net Fixed Assets | 12,600 | 19,643 | 30,629 | 32,637 | 34,977 | 22,377 | 177.60% |
Net Current Assets | 14,284 | 21,944 | 30,010 | 36,129 | 34,738 | 20,454 | 143.20% |
Other Assets | 12,643 | 18,894 | 24,313 | 35,625 | 46,561 | 33,918 | 268.27% |
Source - Capitaline
A snapshot of the growth in sources and uses of long term funds summarized above indicates that the company has grown significantly in the last five years. Over this period, the company has increased its leverage by using debt as the principal funding source (69%) over equity (31%).
Although fixed assets have gone up, so have the net current assets indicating that a portion of the long term funds raised have been used for regular operations of the company, which could be because of an increase in the scale of operations. There is also a huge increase in other assets primarily driven by long term loans and advances.
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