Jigar Cables Balance Sheet Health
Financial Health criteria checks 5/6
Jigar Cables has a total shareholder equity of ₹200.9M and total debt of ₹34.6M, which brings its debt-to-equity ratio to 17.2%. Its total assets and total liabilities are ₹269.4M and ₹68.5M respectively. Jigar Cables's EBIT is ₹31.9M making its interest coverage ratio 3.1. It has cash and short-term investments of ₹5.9M.
Key information
17.2%
Debt to equity ratio
₹34.58m
Debt
| Interest coverage ratio | 3.1x |
| Cash | ₹5.86m |
| Equity | ₹200.91m |
| Total liabilities | ₹68.51m |
| Total assets | ₹269.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540651's short term assets (₹234.5M) exceed its short term liabilities (₹61.8M).
Long Term Liabilities: 540651's short term assets (₹234.5M) exceed its long term liabilities (₹6.7M).
Debt to Equity History and Analysis
Debt Level: 540651's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: 540651's debt to equity ratio has reduced from 26.4% to 17.2% over the past 5 years.
Debt Coverage: 540651's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 540651's interest payments on its debt are well covered by EBIT (3.1x coverage).