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
We Think Jindal Drilling & Industries (NSE:JINDRILL) Can Manage Its Debt With Ease
Sep 30
Jindal Drilling & Industries (NSE:JINDRILL) Seems To Use Debt Quite Sensibly
Jul 29These 4 Measures Indicate That Jindal Drilling & Industries (NSE:JINDRILL) Is Using Debt Reasonably Well
Mar 14Does Jindal Drilling & Industries (NSE:JINDRILL) Have A Healthy Balance Sheet?
Feb 26Jindal Drilling & Industries (NSE:JINDRILL) Use Of Debt Could Be Considered Risky
Nov 13
Recent updates
The Market Lifts Jindal Drilling & Industries Limited (NSE:JINDRILL) Shares 29% But It Can Do More
Nov 07Here's Why Jindal Drilling & Industries (NSE:JINDRILL) Has Caught The Eye Of Investors
Jul 31There's Reason For Concern Over Jindal Drilling & Industries Limited's (NSE:JINDRILL) Massive 26% Price Jump
Apr 26Investors Will Want Jindal Drilling & Industries' (NSE:JINDRILL) Growth In ROCE To Persist
Mar 14Returns On Capital Are Showing Encouraging Signs At Jindal Drilling & Industries (NSE:JINDRILL)
Dec 14Earnings Not Telling The Story For Jindal Drilling & Industries Limited (NSE:JINDRILL) After Shares Rise 26%
Nov 23We Think Jindal Drilling & Industries (NSE:JINDRILL) Can Manage Its Debt With Ease
Sep 30Jindal Drilling & Industries (NSE:JINDRILL) Is Looking To Continue Growing Its Returns On Capital
Mar 17Jindal Drilling & Industries (NSE:JINDRILL) Has Announced A Dividend Of ₹0.50
Aug 29Jindal Drilling & Industries (NSE:JINDRILL) Seems To Use Debt Quite Sensibly
Jul 29Returns At Jindal Drilling & Industries (NSE:JINDRILL) Are On The Way Up
Jun 17These 4 Measures Indicate That Jindal Drilling & Industries (NSE:JINDRILL) Is Using Debt Reasonably Well
Mar 14Jindal Drilling & Industries' (NSE:JINDRILL) Returns On Capital Are Heading Higher
Feb 07Jindal Drilling & Industries' (NSE:JINDRILL) Robust Earnings Are Supported By Other Strong Factors
Nov 06Returns At Jindal Drilling & Industries (NSE:JINDRILL) Are On The Way Up
Aug 30Should You Buy Jindal Drilling & Industries Limited (NSE:JINDRILL) For Its Dividend?
May 04Does Jindal Drilling & Industries (NSE:JINDRILL) Have A Healthy Balance Sheet?
Feb 26Does Jindal Drilling & Industries Limited (NSE:JINDRILL) Have A Place In Your Dividend Stock Portfolio?
Jan 22The Trends At Jindal Drilling & Industries (NSE:JINDRILL) That You Should Know About
Dec 18Jindal Drilling & Industries (NSE:JINDRILL) Use Of Debt Could Be Considered Risky
Nov 13Is Jindal Drilling & Industries Limited (NSE:JINDRILL) A Good Dividend Stock?
Sep 26Should You Be Worried About Jindal Drilling & Industries' (NSE:JINDRILL) Returns On Capital?
Aug 04Financial Position Analysis
Short Term Liabilities: JINDRILL's short term assets (₹6.1B) exceed its short term liabilities (₹3.6B).
Long Term Liabilities: JINDRILL's short term assets (₹6.1B) exceed its long term liabilities (₹2.8B).
Debt to Equity History and Analysis
Debt Level: JINDRILL's net debt to equity ratio (5.7%) is considered satisfactory.
Reducing Debt: JINDRILL's debt to equity ratio has reduced from 25.5% to 14.1% over the past 5 years.
Debt Coverage: JINDRILL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: JINDRILL earns more interest than it pays, so coverage of interest payments is not a concern.