Jet Knitwears Balance Sheet Health
Financial Health criteria checks 3/6
Jet Knitwears has a total shareholder equity of ₹224.2M and total debt of ₹134.9M, which brings its debt-to-equity ratio to 60.2%. Its total assets and total liabilities are ₹410.7M and ₹186.4M respectively. Jet Knitwears's EBIT is ₹24.8M making its interest coverage ratio 2.2. It has cash and short-term investments of ₹14.7M.
Key information
60.2%
Debt to equity ratio
₹134.94m
Debt
| Interest coverage ratio | 2.2x |
| Cash | ₹14.66m |
| Equity | ₹224.24m |
| Total liabilities | ₹186.44m |
| Total assets | ₹410.68m |
Recent financial health updates
Here's Why Jet Knitwears (NSE:JETKNIT) Has A Meaningful Debt Burden
Aug 10
Is Jet Knitwears (NSE:JETKNIT) Using Too Much Debt?
Mar 23Does Jet Knitwears (NSE:JETKNIT) Have A Healthy Balance Sheet?
Dec 08Recent updates
Here's Why Jet Knitwears (NSE:JETKNIT) Has A Meaningful Debt Burden
Aug 10Is Jet Knitwears (NSE:JETKNIT) Using Too Much Debt?
Mar 23Here's Why We Think Jet Knitwears (NSE:JETKNIT) Is Well Worth Watching
Jan 13Does Jet Knitwears (NSE:JETKNIT) Have A Healthy Balance Sheet?
Dec 08Estimating The Intrinsic Value Of Jet Knitwears Limited (NSE:JETKNIT)
May 04Financial Position Analysis
Short Term Liabilities: JETKNIT's short term assets (₹384.4M) exceed its short term liabilities (₹167.8M).
Long Term Liabilities: JETKNIT's short term assets (₹384.4M) exceed its long term liabilities (₹18.7M).
Debt to Equity History and Analysis
Debt Level: JETKNIT's net debt to equity ratio (53.6%) is considered high.
Reducing Debt: JETKNIT's debt to equity ratio has reduced from 64.9% to 60.2% over the past 5 years.
Debt Coverage: JETKNIT's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: JETKNIT's interest payments on its debt are not well covered by EBIT (2.2x coverage).