Jindal Stainless (Hisar) Balance Sheet Health
Financial Health criteria checks 6/6
Jindal Stainless (Hisar) has a total shareholder equity of ₹55.0B and total debt of ₹15.6B, which brings its debt-to-equity ratio to 28.4%. Its total assets and total liabilities are ₹102.7B and ₹47.7B respectively. Jindal Stainless (Hisar)'s EBIT is ₹13.5B making its interest coverage ratio -1260.9. It has cash and short-term investments of ₹5.4B.
Key information
28.4%
Debt to equity ratio
₹15.64b
Debt
| Interest coverage ratio | -1260.9x |
| Cash | ₹5.40b |
| Equity | ₹55.03b |
| Total liabilities | ₹47.68b |
| Total assets | ₹102.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JSLHISAR's short term assets (₹65.8B) exceed its short term liabilities (₹35.7B).
Long Term Liabilities: JSLHISAR's short term assets (₹65.8B) exceed its long term liabilities (₹11.9B).
Debt to Equity History and Analysis
Debt Level: JSLHISAR's net debt to equity ratio (18.6%) is considered satisfactory.
Reducing Debt: JSLHISAR's debt to equity ratio has reduced from 226.2% to 28.4% over the past 5 years.
Debt Coverage: JSLHISAR's debt is well covered by operating cash flow (64%).
Interest Coverage: JSLHISAR earns more interest than it pays, so coverage of interest payments is not a concern.