Jindal Stainless Balance Sheet Health
Financial Health criteria checks 6/6
Jindal Stainless has a total shareholder equity of ₹154.8B and total debt of ₹63.7B, which brings its debt-to-equity ratio to 41.1%. Its total assets and total liabilities are ₹341.1B and ₹186.3B respectively. Jindal Stainless's EBIT is ₹35.4B making its interest coverage ratio 8.7. It has cash and short-term investments of ₹21.2B.
Key information
41.1%
Debt to equity ratio
₹63.67b
Debt
| Interest coverage ratio | 8.7x |
| Cash | ₹21.21b |
| Equity | ₹154.83b |
| Total liabilities | ₹186.30b |
| Total assets | ₹341.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532508's short term assets (₹156.5B) exceed its short term liabilities (₹123.4B).
Long Term Liabilities: 532508's short term assets (₹156.5B) exceed its long term liabilities (₹62.9B).
Debt to Equity History and Analysis
Debt Level: 532508's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: 532508's debt to equity ratio has reduced from 134.8% to 41.1% over the past 5 years.
Debt Coverage: 532508's debt is well covered by operating cash flow (67.8%).
Interest Coverage: 532508's interest payments on its debt are well covered by EBIT (8.7x coverage).