Jai Balaji Industries Balance Sheet Health
Financial Health criteria checks 6/6
Jai Balaji Industries has a total shareholder equity of ₹15.0B and total debt of ₹4.7B, which brings its debt-to-equity ratio to 31.4%. Its total assets and total liabilities are ₹33.5B and ₹18.5B respectively. Jai Balaji Industries's EBIT is ₹9.3B making its interest coverage ratio 13.9. It has cash and short-term investments of ₹909.8M.
Key information
31.4%
Debt to equity ratio
₹4.73b
Debt
| Interest coverage ratio | 13.9x |
| Cash | ₹909.77m |
| Equity | ₹15.04b |
| Total liabilities | ₹18.50b |
| Total assets | ₹33.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532976's short term assets (₹15.1B) exceed its short term liabilities (₹15.0B).
Long Term Liabilities: 532976's short term assets (₹15.1B) exceed its long term liabilities (₹3.5B).
Debt to Equity History and Analysis
Debt Level: 532976's net debt to equity ratio (25.4%) is considered satisfactory.
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 (177.5%).
Interest Coverage: 532976's interest payments on its debt are well covered by EBIT (13.9x coverage).