Jindal Steel & Power Balance Sheet Health
Financial Health criteria checks 5/6
Jindal Steel & Power has a total shareholder equity of ₹447.5B and total debt of ₹164.7B, which brings its debt-to-equity ratio to 36.8%. Its total assets and total liabilities are ₹787.2B and ₹339.6B respectively. Jindal Steel & Power's EBIT is ₹74.9B making its interest coverage ratio 5.8. It has cash and short-term investments of ₹46.9B.
Key information
36.8%
Debt to equity ratio
₹164.72b
Debt
| Interest coverage ratio | 5.8x |
| Cash | ₹46.94b |
| Equity | ₹447.51b |
| Total liabilities | ₹339.65b |
| Total assets | ₹787.15b |
Recent financial health updates
Here's Why Jindal Steel & Power (NSE:JINDALSTEL) Can Manage Its Debt Responsibly
May 22
We 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 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 13Recent updates
Jindal Steel & Power (NSE:JINDALSTEL) Will Pay A Dividend Of ₹2.00
Aug 11Jindal Steel & Power Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Jul 27Improved Earnings Required Before Jindal Steel & Power Limited (NSE:JINDALSTEL) Shares Find Their Feet
Jul 17Are Investors Undervaluing Jindal Steel & Power Limited (NSE:JINDALSTEL) By 41%?
Jun 11Here's Why Jindal Steel & Power (NSE:JINDALSTEL) Can Manage Its Debt Responsibly
May 22A 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 22Financial Position Analysis
Short Term Liabilities: JINDALSTEL's short term assets (₹177.5B) exceed its short term liabilities (₹160.1B).
Long Term Liabilities: JINDALSTEL's short term assets (₹177.5B) do not cover its long term liabilities (₹179.5B).
Debt to Equity History and Analysis
Debt Level: JINDALSTEL's net debt to equity ratio (26.3%) is considered satisfactory.
Reducing Debt: JINDALSTEL's debt to equity ratio has reduced from 108.2% to 36.8% over the past 5 years.
Debt Coverage: JINDALSTEL's debt is well covered by operating cash flow (36.5%).
Interest Coverage: JINDALSTEL's interest payments on its debt are well covered by EBIT (5.8x coverage).