Jet Knitwears Balance Sheet Health
Financial Health criteria checks 3/6
Jet Knitwears has a total shareholder equity of ₹221.2M and total debt of ₹137.1M, which brings its debt-to-equity ratio to 62%. Its total assets and total liabilities are ₹394.1M and ₹172.9M respectively. Jet Knitwears's EBIT is ₹8.7M making its interest coverage ratio 0.8. It has cash and short-term investments of ₹12.8M.
Key information
62.0%
Debt to equity ratio
₹137.14m
Debt
| Interest coverage ratio | 0.8x |
| Cash | ₹12.75m |
| Equity | ₹221.20m |
| Total liabilities | ₹172.91m |
| Total assets | ₹394.11m |
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 (₹371.4M) exceed its short term liabilities (₹156.3M).
Long Term Liabilities: JETKNIT's short term assets (₹371.4M) exceed its long term liabilities (₹16.6M).
Debt to Equity History and Analysis
Debt Level: JETKNIT's net debt to equity ratio (56.2%) is considered high.
Reducing Debt: JETKNIT's debt to equity ratio has reduced from 72.6% to 62% over the past 5 years.
Debt Coverage: JETKNIT's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: JETKNIT's interest payments on its debt are not well covered by EBIT (0.8x coverage).