Jyoti CNC Automation Balance Sheet Health
Financial Health criteria checks 5/6
Jyoti CNC Automation has a total shareholder equity of ₹14.9B and total debt of ₹2.5B, which brings its debt-to-equity ratio to 16.7%. Its total assets and total liabilities are ₹22.1B and ₹7.1B respectively. Jyoti CNC Automation's EBIT is ₹3.9B making its interest coverage ratio 8.6. It has cash and short-term investments of ₹1.0B.
Key information
16.7%
Debt to equity ratio
₹2.50b
Debt
| Interest coverage ratio | 8.6x |
| Cash | ₹1.01b |
| Equity | ₹14.94b |
| Total liabilities | ₹7.11b |
| Total assets | ₹22.05b |
Recent financial health updates
Recent updates
Additional Considerations Required While Assessing Jyoti CNC Automation's (NSE:JYOTICNC) Strong Earnings
Nov 25
Is Jyoti CNC Automation (NSE:JYOTICNC) Using Too Much Debt?
Jun 29Jyoti CNC Automation Limited (NSE:JYOTICNC) Looks Just Right With A 26% Price Jump
Jun 02Jyoti CNC Automation's (NSE:JYOTICNC) Earnings Are Weaker Than They Seem
May 26Financial Position Analysis
Short Term Liabilities: JYOTICNC's short term assets (₹16.9B) exceed its short term liabilities (₹6.1B).
Long Term Liabilities: JYOTICNC's short term assets (₹16.9B) exceed its long term liabilities (₹1.0B).
Debt to Equity History and Analysis
Debt Level: JYOTICNC's net debt to equity ratio (10%) is considered satisfactory.
Reducing Debt: JYOTICNC's debt to equity ratio has reduced from 279.5% to 16.7% over the past 5 years.
Debt Coverage: JYOTICNC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: JYOTICNC's interest payments on its debt are well covered by EBIT (8.6x coverage).