Jigar Cables Balance Sheet Health
Financial Health criteria checks 4/6
Jigar Cables has a total shareholder equity of ₹160.2M and total debt of ₹55.7M, which brings its debt-to-equity ratio to 34.8%. Its total assets and total liabilities are ₹236.5M and ₹76.3M respectively. Jigar Cables's EBIT is ₹18.2M making its interest coverage ratio 8.1. It has cash and short-term investments of ₹6.1M.
Key information
34.8%
Debt to equity ratio
₹55.71m
Debt
Interest coverage ratio | 8.1x |
Cash | ₹6.06m |
Equity | ₹160.24m |
Total liabilities | ₹76.30m |
Total assets | ₹236.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540651's short term assets (₹203.3M) exceed its short term liabilities (₹74.8M).
Long Term Liabilities: 540651's short term assets (₹203.3M) exceed its long term liabilities (₹1.5M).
Debt to Equity History and Analysis
Debt Level: 540651's net debt to equity ratio (31%) is considered satisfactory.
Reducing Debt: 540651's debt to equity ratio has increased from 32.2% to 34.8% 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 (8.1x coverage).