JTL Industries Balance Sheet Health
Financial Health criteria checks 5/6
JTL Industries has a total shareholder equity of ₹11.9B and total debt of ₹456.6M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are ₹13.3B and ₹1.4B respectively. JTL Industries's EBIT is ₹1.4B making its interest coverage ratio -89.3. It has cash and short-term investments of ₹1.7B.
Key information
3.8%
Debt to equity ratio
₹456.62m
Debt
| Interest coverage ratio | -89.3x |
| Cash | ₹1.75b |
| Equity | ₹11.87b |
| Total liabilities | ₹1.45b |
| Total assets | ₹13.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 534600's short term assets (₹9.8B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: 534600's short term assets (₹9.8B) exceed its long term liabilities (₹54.2M).
Debt to Equity History and Analysis
Debt Level: 534600 has more cash than its total debt.
Reducing Debt: 534600's debt to equity ratio has reduced from 70.2% to 3.8% over the past 5 years.
Debt Coverage: 534600's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 534600 earns more interest than it pays, so coverage of interest payments is not a concern.