Jindal Worldwide Balance Sheet Health
Financial Health criteria checks 4/6
Jindal Worldwide has a total shareholder equity of ₹7.5B and total debt of ₹8.6B, which brings its debt-to-equity ratio to 114.6%. Its total assets and total liabilities are ₹18.0B and ₹10.5B respectively. Jindal Worldwide's EBIT is ₹1.7B making its interest coverage ratio 3.4. It has cash and short-term investments of ₹2.8B.
Key information
114.6%
Debt to equity ratio
₹8.60b
Debt
| Interest coverage ratio | 3.4x |
| Cash | ₹2.78b |
| Equity | ₹7.50b |
| Total liabilities | ₹10.52b |
| Total assets | ₹18.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531543's short term assets (₹14.0B) exceed its short term liabilities (₹8.5B).
Long Term Liabilities: 531543's short term assets (₹14.0B) exceed its long term liabilities (₹2.0B).
Debt to Equity History and Analysis
Debt Level: 531543's net debt to equity ratio (77.6%) is considered high.
Reducing Debt: 531543's debt to equity ratio has reduced from 164.4% to 114.6% over the past 5 years.
Debt Coverage: 531543's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531543's interest payments on its debt are well covered by EBIT (3.4x coverage).