Jindal Drilling & Industries Balance Sheet Health
Financial Health criteria checks 5/6
Jindal Drilling & Industries has a total shareholder equity of ₹14.4B and total debt of ₹2.0B, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are ₹20.7B and ₹6.4B respectively. Jindal Drilling & Industries's EBIT is ₹1.1B making its interest coverage ratio -20.6. It has cash and short-term investments of ₹1.2B.
Key information
14.1%
Debt to equity ratio
₹2.02b
Debt
| Interest coverage ratio | -20.6x |
| Cash | ₹1.20b |
| Equity | ₹14.36b |
| Total liabilities | ₹6.38b |
| Total assets | ₹20.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 511034's short term assets (₹6.1B) exceed its short term liabilities (₹3.6B).
Long Term Liabilities: 511034's short term assets (₹6.1B) exceed its long term liabilities (₹2.8B).
Debt to Equity History and Analysis
Debt Level: 511034's net debt to equity ratio (5.7%) is considered satisfactory.
Reducing Debt: 511034's debt to equity ratio has reduced from 25.5% to 14.1% over the past 5 years.
Debt Coverage: 511034's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 511034 earns more interest than it pays, so coverage of interest payments is not a concern.