JTL Industries Balance Sheet Health
Financial Health criteria checks 6/6
JTL Industries has a total shareholder equity of ₹4.8B and total debt of ₹1.2B, which brings its debt-to-equity ratio to 25.4%. Its total assets and total liabilities are ₹6.3B and ₹1.5B respectively. JTL Industries's EBIT is ₹1.6B making its interest coverage ratio 48.9. It has cash and short-term investments of ₹543.1M.
Key information
25.4%
Debt to equity ratio
₹1.21b
Debt
Interest coverage ratio | 48.9x |
Cash | ₹543.12m |
Equity | ₹4.77b |
Total liabilities | ₹1.53b |
Total assets | ₹6.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 534600's short term assets (₹4.9B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: 534600's short term assets (₹4.9B) exceed its long term liabilities (₹106.3M).
Debt to Equity History and Analysis
Debt Level: 534600's net debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: 534600's debt to equity ratio has reduced from 66.2% to 25.4% over the past 5 years.
Debt Coverage: 534600's debt is well covered by operating cash flow (52.4%).
Interest Coverage: 534600's interest payments on its debt are well covered by EBIT (48.9x coverage).