Jindal Steel & Power Balance Sheet Health
Financial Health criteria checks 5/6
Jindal Steel & Power has a total shareholder equity of ₹418.2B and total debt of ₹134.7B, which brings its debt-to-equity ratio to 32.2%. Its total assets and total liabilities are ₹722.1B and ₹303.9B respectively. Jindal Steel & Power's EBIT is ₹71.0B making its interest coverage ratio 6.8. It has cash and short-term investments of ₹55.6B.
Key information
32.2%
Debt to equity ratio
₹134.67b
Debt
| Interest coverage ratio | 6.8x |
| Cash | ₹55.56b |
| Equity | ₹418.24b |
| Total liabilities | ₹303.88b |
| Total assets | ₹722.12b |
Recent financial health updates
We Think Jindal Steel & Power (NSE:JINDALSTEL) Can Stay On Top Of Its Debt
Dec 28
We Think Jindal Steel & Power (NSE:JINDALSTEL) Is Taking Some Risk With Its Debt
Sep 25Jindal Steel & Power (NSE:JINDALSTEL) Has A Pretty Healthy Balance Sheet
Jun 08Is Jindal Steel & Power (NSE:JINDALSTEL) Using Too Much Debt?
Feb 19Auditors Have Doubts About Jindal Steel & Power (NSE:JINDALSTEL)
Sep 13Jindal Steel & Power (NSE:JINDALSTEL) Seems To Use Debt Quite Sensibly
Jun 06Recent updates
A Look At The Intrinsic Value Of Jindal Steel & Power Limited (NSE:JINDALSTEL)
Mar 12We Think Jindal Steel & Power (NSE:JINDALSTEL) Can Stay On Top Of Its Debt
Dec 28We Think Jindal Steel & Power (NSE:JINDALSTEL) Is Taking Some Risk With Its Debt
Sep 25Calculating The Intrinsic Value Of Jindal Steel & Power Limited (NSE:JINDALSTEL)
Aug 13Jindal Steel & Power (NSE:JINDALSTEL) Has A Pretty Healthy Balance Sheet
Jun 08Is Jindal Steel & Power (NSE:JINDALSTEL) Using Too Much Debt?
Feb 19Auditors Have Doubts About Jindal Steel & Power (NSE:JINDALSTEL)
Sep 13A Look At The Intrinsic Value Of Jindal Steel & Power Limited (NSE:JINDALSTEL)
Aug 10Here's Why We Think Jindal Steel & Power (NSE:JINDALSTEL) Is Well Worth Watching
Jun 24Jindal Steel & Power (NSE:JINDALSTEL) Seems To Use Debt Quite Sensibly
Jun 06Should You Be Adding Jindal Steel & Power (NSE:JINDALSTEL) To Your Watchlist Today?
Mar 22Is There An Opportunity With Jindal Steel & Power Limited's (NSE:JINDALSTEL) 34% Undervaluation?
Mar 05Jindal Steel & Power (NSE:JINDALSTEL) Seems To Use Debt Quite Sensibly
Dec 22Calculating The Fair Value Of Jindal Steel & Power Limited (NSE:JINDALSTEL)
Jul 23The Strong Earnings Posted By Jindal Steel & Power (NSE:JINDALSTEL) Are A Good Indication Of The Strength Of The Business
May 19Is There An Opportunity With Jindal Steel & Power Limited's (NSE:JINDALSTEL) 32% Undervaluation?
Mar 28How Many Jindal Steel & Power Limited (NSE:JINDALSTEL) Shares Do Institutions Own?
Mar 06Financial Position Analysis
Short Term Liabilities: JINDALSTEL's short term assets (₹151.1B) exceed its short term liabilities (₹147.7B).
Long Term Liabilities: JINDALSTEL's short term assets (₹151.1B) do not cover its long term liabilities (₹156.2B).
Debt to Equity History and Analysis
Debt Level: JINDALSTEL's net debt to equity ratio (18.9%) is considered satisfactory.
Reducing Debt: JINDALSTEL's debt to equity ratio has reduced from 128.8% to 32.2% over the past 5 years.
Debt Coverage: JINDALSTEL's debt is well covered by operating cash flow (70%).
Interest Coverage: JINDALSTEL's interest payments on its debt are well covered by EBIT (6.8x coverage).