Jagatjit Industries Balance Sheet Health
Financial Health criteria checks 0/6
Jagatjit Industries has a total shareholder equity of ₹724.0M and total debt of ₹2.1B, which brings its debt-to-equity ratio to 295.2%. Its total assets and total liabilities are ₹5.2B and ₹4.5B respectively. Jagatjit Industries's EBIT is ₹241.4M making its interest coverage ratio 1. It has cash and short-term investments of ₹18.9M.
Key information
295.2%
Debt to equity ratio
₹2.14b
Debt
Interest coverage ratio | 1x |
Cash | ₹18.90m |
Equity | ₹724.00m |
Total liabilities | ₹4.49b |
Total assets | ₹5.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 507155's short term assets (₹1.1B) do not cover its short term liabilities (₹1.9B).
Long Term Liabilities: 507155's short term assets (₹1.1B) do not cover its long term liabilities (₹2.6B).
Debt to Equity History and Analysis
Debt Level: 507155's net debt to equity ratio (292.6%) is considered high.
Reducing Debt: 507155's debt to equity ratio has increased from 270.1% to 295.2% over the past 5 years.
Debt Coverage: 507155's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: 507155's interest payments on its debt are not well covered by EBIT (1x coverage).