Jindal Worldwide Balance Sheet Health
Financial Health criteria checks 5/6
Jindal Worldwide has a total shareholder equity of ₹6.7B and total debt of ₹7.1B, which brings its debt-to-equity ratio to 106.2%. Its total assets and total liabilities are ₹15.4B and ₹8.7B respectively. Jindal Worldwide's EBIT is ₹1.5B making its interest coverage ratio 3.1. It has cash and short-term investments of ₹3.0B.
Key information
106.2%
Debt to equity ratio
₹7.14b
Debt
Interest coverage ratio | 3.1x |
Cash | ₹2.98b |
Equity | ₹6.72b |
Total liabilities | ₹8.65b |
Total assets | ₹15.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531543's short term assets (₹11.4B) exceed its short term liabilities (₹6.2B).
Long Term Liabilities: 531543's short term assets (₹11.4B) exceed its long term liabilities (₹2.5B).
Debt to Equity History and Analysis
Debt Level: 531543's net debt to equity ratio (61.9%) is considered high.
Reducing Debt: 531543's debt to equity ratio has reduced from 212.8% to 106.2% over the past 5 years.
Debt Coverage: 531543's debt is well covered by operating cash flow (54.3%).
Interest Coverage: 531543's interest payments on its debt are well covered by EBIT (3.1x coverage).