Jindal Stainless Balance Sheet Health
Financial Health criteria checks 6/6
Jindal Stainless has a total shareholder equity of ₹132.6B and total debt of ₹57.1B, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are ₹290.9B and ₹158.3B respectively. Jindal Stainless's EBIT is ₹40.6B making its interest coverage ratio 10.7. It has cash and short-term investments of ₹15.0B.
Key information
43.1%
Debt to equity ratio
₹57.14b
Debt
Interest coverage ratio | 10.7x |
Cash | ₹15.02b |
Equity | ₹132.62b |
Total liabilities | ₹158.27b |
Total assets | ₹290.89b |
Recent financial health updates
Is Jindal Stainless (NSE:JSL) Using Too Much Debt?
Dec 10These 4 Measures Indicate That Jindal Stainless (NSE:JSL) Is Using Debt Reasonably Well
Aug 23We Think Jindal Stainless (NSE:JSL) Can Stay On Top Of Its Debt
May 20Here's Why Jindal Stainless (NSE:JSL) Has A Meaningful Debt Burden
Feb 04Is Jindal Stainless (NSE:JSL) Using Too Much Debt?
Sep 28Jindal Stainless (NSE:JSL) Has A Pretty Healthy Balance Sheet
Mar 03Recent updates
Sentiment Still Eluding Jindal Stainless Limited (NSE:JSL)
Apr 11Jindal Stainless Limited's (NSE:JSL) Intrinsic Value Is Potentially 22% Below Its Share Price
Mar 24Investors Should Be Encouraged By Jindal Stainless' (NSE:JSL) Returns On Capital
Mar 09Here's Why Jindal Stainless (NSE:JSL) Has Caught The Eye Of Investors
Feb 22Jindal Stainless Limited (NSE:JSL) Released Earnings Last Week And Analysts Lifted Their Price Target To ₹637
Jan 23Why Investors Shouldn't Be Surprised By Jindal Stainless Limited's (NSE:JSL) Low P/E
Dec 28Is Jindal Stainless (NSE:JSL) Using Too Much Debt?
Dec 10Calculating The Intrinsic Value Of Jindal Stainless Limited (NSE:JSL)
Nov 22Here's Why We Think Jindal Stainless (NSE:JSL) Might Deserve Your Attention Today
Nov 06These 4 Measures Indicate That Jindal Stainless (NSE:JSL) Is Using Debt Reasonably Well
Aug 23Returns On Capital At Jindal Stainless (NSE:JSL) Have Hit The Brakes
Jul 21An Intrinsic Calculation For Jindal Stainless Limited (NSE:JSL) Suggests It's 31% Undervalued
Jul 06We Think Jindal Stainless (NSE:JSL) Can Stay On Top Of Its Debt
May 20Under The Bonnet, Jindal Stainless' (NSE:JSL) Returns Look Impressive
Apr 17Are Jindal Stainless Limited (NSE:JSL) Investors Paying Above The Intrinsic Value?
Mar 30Here's Why Jindal Stainless (NSE:JSL) Has A Meaningful Debt Burden
Feb 04Under The Bonnet, Jindal Stainless' (NSE:JSL) Returns Look Impressive
Jan 04Here's Why We Think Jindal Stainless (NSE:JSL) Is Well Worth Watching
Dec 21Is Jindal Stainless Limited (NSE:JSL) Trading At A 47% Discount?
Dec 08Is Jindal Stainless (NSE:JSL) Using Too Much Debt?
Sep 28An Intrinsic Calculation For Jindal Stainless Limited (NSE:JSL) Suggests It's 36% Undervalued
Jun 15Here's Why We Think Jindal Stainless (NSE:JSL) Is Well Worth Watching
May 25We Like Jindal Stainless' (NSE:JSL) Returns And Here's How They're Trending
May 12Jindal Stainless (NSE:JSL) Has A Pretty Healthy Balance Sheet
Mar 03Jindal Stainless Limited's (NSE:JSL) Intrinsic Value Is Potentially 64% Above Its Share Price
Feb 11We Think Jindal Stainless (NSE:JSL) Might Have The DNA Of A Multi-Bagger
Dec 31Does Jindal Stainless (NSE:JSL) Have A Healthy Balance Sheet?
Oct 27Bullish: Analysts Just Made An Incredible Upgrade To Their Jindal Stainless Limited (NSE:JSL) Forecasts
Jul 29Jindal Stainless (NSE:JSL) Has A Pretty Healthy Balance Sheet
Jul 13Returns On Capital Are Showing Encouraging Signs At Jindal Stainless (NSE:JSL)
Jun 06Financial Position Analysis
Short Term Liabilities: JSL's short term assets (₹134.4B) exceed its short term liabilities (₹94.5B).
Long Term Liabilities: JSL's short term assets (₹134.4B) exceed its long term liabilities (₹63.8B).
Debt to Equity History and Analysis
Debt Level: JSL's net debt to equity ratio (31.8%) is considered satisfactory.
Reducing Debt: JSL's debt to equity ratio has reduced from 176.7% to 43.1% over the past 5 years.
Debt Coverage: JSL's debt is well covered by operating cash flow (70.3%).
Interest Coverage: JSL's interest payments on its debt are well covered by EBIT (10.7x coverage).