Jet Freight Logistics Balance Sheet Health
Financial Health criteria checks 2/6
Jet Freight Logistics has a total shareholder equity of ₹568.3M and total debt of ₹583.8M, which brings its debt-to-equity ratio to 102.7%. Its total assets and total liabilities are ₹1.6B and ₹997.2M respectively. Jet Freight Logistics's EBIT is ₹37.7M making its interest coverage ratio 0.8. It has cash and short-term investments of ₹89.9M.
Key information
102.7%
Debt to equity ratio
₹583.81m
Debt
| Interest coverage ratio | 0.8x |
| Cash | ₹89.90m |
| Equity | ₹568.28m |
| Total liabilities | ₹997.17m |
| Total assets | ₹1.57b |
Recent financial health updates
Jet Freight Logistics (NSE:JETFREIGHT) Use Of Debt Could Be Considered Risky
Jan 26
Jet Freight Logistics (NSE:JETFREIGHT) Has A Somewhat Strained Balance Sheet
Sep 28Does Jet Freight Logistics (NSE:JETFREIGHT) Have A Healthy Balance Sheet?
Jun 21Is Jet Freight Logistics (NSE:JETFREIGHT) Using Too Much Debt?
Nov 26Is Jet Freight Logistics (NSE:JETFREIGHT) A Risky Investment?
Aug 02Here's Why Jet Freight Logistics (NSE:JETFREIGHT) Can Afford Some Debt
Jan 25
Recent updates
Jet Freight Logistics Limited's (NSE:JETFREIGHT) Shares Bounce 25% But Its Business Still Trails The Industry
Jan 28Jet Freight Logistics (NSE:JETFREIGHT) Use Of Debt Could Be Considered Risky
Jan 26Jet Freight Logistics (NSE:JETFREIGHT) Has A Somewhat Strained Balance Sheet
Sep 28Does Jet Freight Logistics (NSE:JETFREIGHT) Have A Healthy Balance Sheet?
Jun 21Is Jet Freight Logistics (NSE:JETFREIGHT) Using Too Much Debt?
Nov 26Is Jet Freight Logistics (NSE:JETFREIGHT) A Risky Investment?
Aug 02Here's Why Jet Freight Logistics (NSE:JETFREIGHT) Can Afford Some Debt
Jan 25Financial Position Analysis
Short Term Liabilities: JETFREIGHT's short term assets (₹681.2M) do not cover its short term liabilities (₹811.5M).
Long Term Liabilities: JETFREIGHT's short term assets (₹681.2M) exceed its long term liabilities (₹185.7M).
Debt to Equity History and Analysis
Debt Level: JETFREIGHT's net debt to equity ratio (86.9%) is considered high.
Reducing Debt: JETFREIGHT's debt to equity ratio has reduced from 146.3% to 102.7% over the past 5 years.
Debt Coverage: JETFREIGHT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: JETFREIGHT's interest payments on its debt are not well covered by EBIT (0.8x coverage).