JK Lakshmi Cement Balance Sheet Health
Financial Health criteria checks 5/6
JK Lakshmi Cement has a total shareholder equity of ₹30.7B and total debt of ₹20.2B, which brings its debt-to-equity ratio to 65.8%. Its total assets and total liabilities are ₹69.8B and ₹39.1B respectively. JK Lakshmi Cement's EBIT is ₹7.1B making its interest coverage ratio 7.1. It has cash and short-term investments of ₹8.0B.
Key information
65.8%
Debt to equity ratio
₹20.20b
Debt
Interest coverage ratio | 7.1x |
Cash | ₹7.96b |
Equity | ₹30.70b |
Total liabilities | ₹39.06b |
Total assets | ₹69.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500380's short term assets (₹19.6B) exceed its short term liabilities (₹17.0B).
Long Term Liabilities: 500380's short term assets (₹19.6B) do not cover its long term liabilities (₹22.0B).
Debt to Equity History and Analysis
Debt Level: 500380's net debt to equity ratio (39.9%) is considered satisfactory.
Reducing Debt: 500380's debt to equity ratio has reduced from 152.2% to 65.8% over the past 5 years.
Debt Coverage: 500380's debt is well covered by operating cash flow (47.2%).
Interest Coverage: 500380's interest payments on its debt are well covered by EBIT (7.1x coverage).