Jindal Stainless Balance Sheet Health
Financial Health criteria checks 6/6
Jindal Stainless has a total shareholder equity of ₹143.7B and total debt of ₹59.5B, which brings its debt-to-equity ratio to 41.4%. Its total assets and total liabilities are ₹308.2B and ₹164.4B respectively. Jindal Stainless's EBIT is ₹38.3B making its interest coverage ratio 6.9. It has cash and short-term investments of ₹23.3B.
Key information
41.4%
Debt to equity ratio
₹59.48b
Debt
Interest coverage ratio | 6.9x |
Cash | ₹23.32b |
Equity | ₹143.75b |
Total liabilities | ₹164.43b |
Total assets | ₹308.17b |
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
Here's Why Jindal Stainless (NSE:JSL) Has Caught The Eye Of Investors
Jun 13Sentiment 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 27Financial Position Analysis
Short Term Liabilities: JSL's short term assets (₹147.8B) exceed its short term liabilities (₹100.4B).
Long Term Liabilities: JSL's short term assets (₹147.8B) exceed its long term liabilities (₹64.0B).
Debt to Equity History and Analysis
Debt Level: JSL's net debt to equity ratio (25.2%) is considered satisfactory.
Reducing Debt: JSL's debt to equity ratio has reduced from 168.6% to 41.4% over the past 5 years.
Debt Coverage: JSL's debt is well covered by operating cash flow (81%).
Interest Coverage: JSL's interest payments on its debt are well covered by EBIT (6.9x coverage).