Tata Motors's net debt reached INR 110 bil and accounted for 0.136 of equity at the end of 2015. The ratio is down 81.1% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 10.7 in 2008 and an all time low of 0.136 in 2015.
When compared to EBITDA, net debt amounted to 0.354x at the end of the year. The ratio reached an all time high of 11.5 in 2008 and an all time low of 0.354 in 2015.
As far as Tata Motors's peers are concerned, Kamaz Group posted net debt to equity of 0.377x and 5.60x when compared to EBITDA at the end of 2015. Scania Group ended the year 2015 with a net debt at 1.13x of equity and 3.31x when compared to its EBITDA while Scania Group had net debt at 1.13x of equity and 3.31x to EBITDA at the end of the year.