CEAT Limited — Others, 28-01-2025: Security Cover Certificate

CEAT Limited has confirmed compliance with financial covenants regarding its secured listed redeemable non-convertible debentures totaling ₹10,000 Cr. A Security Cover Certificate indicates a current security cover ratio of 8.53 times (book value) and 11.91 times (market value) as of December 31, 2024, up from 7.93 and 11.14 times in the previous quarter, attributed to decreased debt levels. This suggests a strong asset backing relative to liabilities, indicating financial stability. Investors may view this positively, as the company maintains good leverage against its obligations, enhancing confidence in its financial health.