Jindal Cotex Balance Sheet Health
Financial Health criteria checks 5/6
Jindal Cotex has a total shareholder equity of ₹1.8B and total debt of ₹427.0M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are ₹2.4B and ₹559.3M respectively. Jindal Cotex's EBIT is ₹972.0K making its interest coverage ratio 0.1. It has cash and short-term investments of ₹959.0K.
Key information
23.2%
Debt to equity ratio
₹426.97m
Debt
Interest coverage ratio | 0.09x |
Cash | ₹959.00k |
Equity | ₹1.84b |
Total liabilities | ₹559.30m |
Total assets | ₹2.40b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: JINDCOT's short term assets (₹1.9B) exceed its short term liabilities (₹95.6M).
Long Term Liabilities: JINDCOT's short term assets (₹1.9B) exceed its long term liabilities (₹463.7M).
Debt to Equity History and Analysis
Debt Level: JINDCOT's net debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: JINDCOT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: JINDCOT's debt is well covered by operating cash flow (264.1%).
Interest Coverage: JINDCOT's interest payments on its debt are not well covered by EBIT (0.1x coverage).