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J. L. Morison (India) Balance Sheet Health
Financial Health criteria checks 6/6
J. L. Morison (India) has a total shareholder equity of ₹2.0B and total debt of ₹4.7M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are ₹2.4B and ₹412.9M respectively. J. L. Morison (India)'s EBIT is ₹137.2M making its interest coverage ratio 294.4. It has cash and short-term investments of ₹99.2M.
Key information
0.2%
Debt to equity ratio
₹4.69m
Debt
Interest coverage ratio | 294.4x |
Cash | ₹99.22m |
Equity | ₹1.97b |
Total liabilities | ₹412.93m |
Total assets | ₹2.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506522's short term assets (₹340.1M) exceed its short term liabilities (₹251.1M).
Long Term Liabilities: 506522's short term assets (₹340.1M) exceed its long term liabilities (₹161.9M).
Debt to Equity History and Analysis
Debt Level: 506522 has more cash than its total debt.
Reducing Debt: 506522's debt to equity ratio has reduced from 1.3% to 0.2% over the past 5 years.
Debt Coverage: 506522's debt is well covered by operating cash flow (2408.4%).
Interest Coverage: 506522's interest payments on its debt are well covered by EBIT (294.4x coverage).