Jindal Stainless Balance Sheet Health
Financial Health criteria checks 6/6
Jindal Stainless has a total shareholder equity of ₹132.6B and total debt of ₹57.1B, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are ₹290.9B and ₹158.3B respectively. Jindal Stainless's EBIT is ₹40.6B making its interest coverage ratio 10.7. It has cash and short-term investments of ₹15.0B.
Key information
43.1%
Debt to equity ratio
₹57.14b
Debt
Interest coverage ratio | 10.7x |
Cash | ₹15.02b |
Equity | ₹132.62b |
Total liabilities | ₹158.27b |
Total assets | ₹290.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532508's short term assets (₹134.4B) exceed its short term liabilities (₹94.5B).
Long Term Liabilities: 532508's short term assets (₹134.4B) exceed its long term liabilities (₹63.8B).
Debt to Equity History and Analysis
Debt Level: 532508's net debt to equity ratio (31.8%) is considered satisfactory.
Reducing Debt: 532508's debt to equity ratio has reduced from 176.7% to 43.1% over the past 5 years.
Debt Coverage: 532508's debt is well covered by operating cash flow (70.3%).
Interest Coverage: 532508's interest payments on its debt are well covered by EBIT (10.7x coverage).