Jindal Steel & Power Balance Sheet Health
Financial Health criteria checks 5/6
Jindal Steel & Power has a total shareholder equity of ₹418.2B and total debt of ₹134.7B, which brings its debt-to-equity ratio to 32.2%. Its total assets and total liabilities are ₹722.1B and ₹303.9B respectively. Jindal Steel & Power's EBIT is ₹71.0B making its interest coverage ratio 6.8. It has cash and short-term investments of ₹55.6B.
Key information
32.2%
Debt to equity ratio
₹134.67b
Debt
Interest coverage ratio | 6.8x |
Cash | ₹55.56b |
Equity | ₹418.24b |
Total liabilities | ₹303.88b |
Total assets | ₹722.12b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532286's short term assets (₹151.1B) exceed its short term liabilities (₹147.7B).
Long Term Liabilities: 532286's short term assets (₹151.1B) do not cover its long term liabilities (₹156.2B).
Debt to Equity History and Analysis
Debt Level: 532286's net debt to equity ratio (18.9%) is considered satisfactory.
Reducing Debt: 532286's debt to equity ratio has reduced from 128.8% to 32.2% over the past 5 years.
Debt Coverage: 532286's debt is well covered by operating cash flow (70%).
Interest Coverage: 532286's interest payments on its debt are well covered by EBIT (6.8x coverage).