JTEKT India Balance Sheet Health
Financial Health criteria checks 6/6
JTEKT India has a total shareholder equity of ₹8.2B and total debt of ₹1.2B, which brings its debt-to-equity ratio to 14%. Its total assets and total liabilities are ₹12.7B and ₹4.5B respectively. JTEKT India's EBIT is ₹1.4B making its interest coverage ratio 57.4. It has cash and short-term investments of ₹753.6M.
Key information
14.0%
Debt to equity ratio
₹1.15b
Debt
| Interest coverage ratio | 57.4x |
| Cash | ₹753.65m |
| Equity | ₹8.22b |
| Total liabilities | ₹4.53b |
| Total assets | ₹12.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 520057's short term assets (₹6.2B) exceed its short term liabilities (₹3.8B).
Long Term Liabilities: 520057's short term assets (₹6.2B) exceed its long term liabilities (₹744.7M).
Debt to Equity History and Analysis
Debt Level: 520057's net debt to equity ratio (4.9%) is considered satisfactory.
Reducing Debt: 520057's debt to equity ratio has reduced from 30.5% to 14% over the past 5 years.
Debt Coverage: 520057's debt is well covered by operating cash flow (149.5%).
Interest Coverage: 520057's interest payments on its debt are well covered by EBIT (57.4x coverage).