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19PGP037 PDF
19PGP037 PDF
Assignment
INDIAN OIL CORPORATION LIMITED
Financial Position •
liabilities (₹1,537.5B).
Long Term Liabilities: IOC's short term assets (₹1,202.4B) exceed its long term liabilities (₹653.7B).
Analysis •
Debt To Equity History and Analysis
• Debt Level: IOC's debt to equity ratio (73.7%) is considered high.
• Reducing Debt: IOC's debt to equity ratio has reduced from 99.3% to
73.7% over the past 5 years.
• Debt Coverage: IOC's debt is well covered by operating cash
flow (24.8%).
• Interest Coverage: IOC's interest payments on its debt are well
covered by EBIT (9.6x coverage).
Balance Sheet