JTEKT India Balance Sheet Health
Financial Health criteria checks 6/6
JTEKT India has a total shareholder equity of ₹7.6B and total debt of ₹690.2M, which brings its debt-to-equity ratio to 9%. Its total assets and total liabilities are ₹11.8B and ₹4.1B respectively. JTEKT India's EBIT is ₹1.2B making its interest coverage ratio 58.8. It has cash and short-term investments of ₹485.6M.
Key information
9.0%
Debt to equity ratio
₹690.16m
Debt
Interest coverage ratio | 58.8x |
Cash | ₹485.63m |
Equity | ₹7.64b |
Total liabilities | ₹4.13b |
Total assets | ₹11.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 520057's short term assets (₹6.0B) exceed its short term liabilities (₹3.8B).
Long Term Liabilities: 520057's short term assets (₹6.0B) exceed its long term liabilities (₹374.4M).
Debt to Equity History and Analysis
Debt Level: 520057's net debt to equity ratio (2.7%) is considered satisfactory.
Reducing Debt: 520057's debt to equity ratio has reduced from 33% to 9% over the past 5 years.
Debt Coverage: 520057's debt is well covered by operating cash flow (216.7%).
Interest Coverage: 520057's interest payments on its debt are well covered by EBIT (58.8x coverage).