Jai Balaji Industries Balance Sheet Health
Financial Health criteria checks 4/6
Jai Balaji Industries has a total shareholder equity of ₹9.9B and total debt of ₹6.6B, which brings its debt-to-equity ratio to 66.9%. Its total assets and total liabilities are ₹32.0B and ₹22.1B respectively. Jai Balaji Industries's EBIT is ₹7.3B making its interest coverage ratio 9.7. It has cash and short-term investments of ₹451.2M.
Key information
66.9%
Debt to equity ratio
₹6.60b
Debt
Interest coverage ratio | 9.7x |
Cash | ₹451.17m |
Equity | ₹9.87b |
Total liabilities | ₹22.14b |
Total assets | ₹32.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532976's short term assets (₹14.3B) do not cover its short term liabilities (₹17.1B).
Long Term Liabilities: 532976's short term assets (₹14.3B) exceed its long term liabilities (₹5.1B).
Debt to Equity History and Analysis
Debt Level: 532976's net debt to equity ratio (62.3%) is considered high.
Reducing Debt: 532976 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 532976's debt is well covered by operating cash flow (84.6%).
Interest Coverage: 532976's interest payments on its debt are well covered by EBIT (9.7x coverage).