Jet Solar Balance Sheet Health
Financial Health criteria checks 5/6
Jet Solar has a total shareholder equity of ₹96.2M and total debt of ₹3.5M, which brings its debt-to-equity ratio to 3.6%. Its total assets and total liabilities are ₹112.7M and ₹16.5M respectively. Jet Solar's EBIT is ₹778.4K making its interest coverage ratio -0.3. It has cash and short-term investments of ₹37.7M.
Key information
3.6%
Debt to equity ratio
₹3.51m
Debt
| Interest coverage ratio | -0.3x |
| Cash | ₹37.71m |
| Equity | ₹96.21m |
| Total liabilities | ₹16.53m |
| Total assets | ₹112.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 538794's short term assets (₹111.6M) exceed its short term liabilities (₹16.5M).
Long Term Liabilities: 538794 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 538794 has more cash than its total debt.
Reducing Debt: 538794's debt to equity ratio has reduced from 33.8% to 3.6% over the past 5 years.
Debt Coverage: 538794's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 538794 earns more interest than it pays, so coverage of interest payments is not a concern.