Jindal Drilling & Industries Balance Sheet Health
Financial Health criteria checks 4/6
Jindal Drilling & Industries has a total shareholder equity of ₹13.6B and total debt of ₹2.9B, which brings its debt-to-equity ratio to 21.6%. Its total assets and total liabilities are ₹20.9B and ₹7.3B respectively. Jindal Drilling & Industries's EBIT is ₹1.4B making its interest coverage ratio 10.6. It has cash and short-term investments of ₹1.7B.
Key information
21.6%
Debt to equity ratio
₹2.94b
Debt
Interest coverage ratio | 10.6x |
Cash | ₹1.65b |
Equity | ₹13.62b |
Total liabilities | ₹7.25b |
Total assets | ₹20.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 511034's short term assets (₹6.9B) exceed its short term liabilities (₹4.2B).
Long Term Liabilities: 511034's short term assets (₹6.9B) exceed its long term liabilities (₹3.1B).
Debt to Equity History and Analysis
Debt Level: 511034's net debt to equity ratio (9.5%) is considered satisfactory.
Reducing Debt: 511034's debt to equity ratio has increased from 9% to 21.6% over the past 5 years.
Debt Coverage: 511034's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 511034's interest payments on its debt are well covered by EBIT (10.6x coverage).