Debt of CTB is being exaggerated by some these days.
No question that China would take this company over in a heartbeat if India decides to let that happen.
Debt minus cash leaves only 152m debt.
395.81 - 244.14 = 151.67
Debt is NOT an issue with this company.
Current Ratio (mrq): 2.33.
Also net of cash, debt is less than 200m.
GT current ratio is not even close to CTB: GT Current Ratio (mrq): 1.73 which indicates CTB debt is minor compared to one of its peers.