Jet Freight Logistics Balance Sheet Health

Financial Health criteria checks 4/6

Jet Freight Logistics has a total shareholder equity of ₹606.3M and total debt of ₹558.9M, which brings its debt-to-equity ratio to 92.2%. Its total assets and total liabilities are ₹1.7B and ₹1.1B respectively. Jet Freight Logistics's EBIT is ₹84.3M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹134.1M.

Key information

92.2%

Debt to equity ratio

₹558.87m

Debt

Interest coverage ratio	1.4x
Cash	₹134.13m
Equity	₹606.25m
Total liabilities	₹1.10b
Total assets	₹1.70b

Recent financial health updates

Recent updates

We Think Jet Freight Logistics Limited's (NSE:JETFREIGHT) CEO Compensation Package Needs To Be Put Under A Microscope

Sep 15

Jet Freight Logistics Limited (NSE:JETFREIGHT) Surges 30% Yet Its Low P/S Is No Reason For Excitement

Aug 23

Jet Freight Logistics Limited's (NSE:JETFREIGHT) Shares Bounce 25% But Its Business Still Trails The Industry

Jan 28

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 28

Does Jet Freight Logistics (NSE:JETFREIGHT) Have A Healthy Balance Sheet?

Jun 21

Is Jet Freight Logistics (NSE:JETFREIGHT) Using Too Much Debt?

Nov 26

Is Jet Freight Logistics (NSE:JETFREIGHT) A Risky Investment?

Aug 02

Here's Why Jet Freight Logistics (NSE:JETFREIGHT) Can Afford Some Debt

Jan 25

Financial Position Analysis

Short Term Liabilities: JETFREIGHT's short term assets (₹944.0M) exceed its short term liabilities (₹933.7M).

Long Term Liabilities: JETFREIGHT's short term assets (₹944.0M) exceed its long term liabilities (₹164.8M).

Debt to Equity History and Analysis

Debt Level: JETFREIGHT's net debt to equity ratio (70.1%) is considered high.

Reducing Debt: JETFREIGHT's debt to equity ratio has reduced from 110% to 92.2% over the past 5 years.

Debt Coverage: JETFREIGHT's debt is well covered by operating cash flow (26.9%).

Interest Coverage: JETFREIGHT's interest payments on its debt are not well covered by EBIT (1.4x coverage).

Jet Freight Logistics Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Jet Freight Logistics (NSE:JETFREIGHT) Use Of Debt Could Be Considered Risky

Jet Freight Logistics (NSE:JETFREIGHT) Has A Somewhat Strained Balance Sheet

Does Jet Freight Logistics (NSE:JETFREIGHT) Have A Healthy Balance Sheet?

Is Jet Freight Logistics (NSE:JETFREIGHT) Using Too Much Debt?

Is Jet Freight Logistics (NSE:JETFREIGHT) A Risky Investment?

Here's Why Jet Freight Logistics (NSE:JETFREIGHT) Can Afford Some Debt

Recent updates

We Think Jet Freight Logistics Limited's (NSE:JETFREIGHT) CEO Compensation Package Needs To Be Put Under A Microscope

Jet Freight Logistics Limited announced that it expects to receive INR 98.0625 million in funding

Jet Freight Logistics Limited announced that it expects to receive INR 98.0625 million in funding

Jet Freight Logistics Limited, Annual General Meeting, Sep 21, 2024

Jet Freight Logistics Limited (NSE:JETFREIGHT) Surges 30% Yet Its Low P/S Is No Reason For Excitement

New minor risk - Share price stability

Investor sentiment improves as stock rises 23%

First quarter 2025 earnings released: EPS: ₹0.23 (vs ₹0.66 loss in 1Q 2024)

Jet Freight Logistics Limited to Report Q1, 2025 Results on Aug 12, 2024

Jet Freight Logistics Limited Announces Appointment of Anmol Ashvin Patni as Company Secretary

Jet Freight Logistics Limited Announces Resignation of Sameer Mistry as Executive Vice President - Technology and Business Excellence

Full year 2024 earnings released: EPS: ₹0.04 (vs ₹0.089 loss in FY 2023)

Jet Freight Logistics Limited Approves Appointment of Deepak Dinesh Kacha as Chief Financial Officer

Jet Freight Logistics Limited to Report Q4, 2024 Results on May 29, 2024

Jet Freight Logistics Limited Approves the Appointment of Jaya Ankur Singhania as Additional Director

New major risk - Share price stability

Less than half of directors are independent

Jet Freight Logistics Limited Announces Keki Cusrow Patel, Independent Director Resigns from the Directorship

Chairman & MD recently sold ₹1.6m worth of stock

Jet Freight Logistics Limited Announces Resignation of Kamalika Guha Roy as Independent Director

Jet Freight Logistics Limited Announces Resignation of Shraddha Prakash Mehta as Company Secretary and Compliance Officer

Third quarter 2024 earnings released: EPS: ₹0.90 (vs ₹0.84 loss in 3Q 2023)

Jet Freight Logistics Limited Announces Resignation of Arvind Kumar Talan as Chief Financial Officer

Jet Freight Logistics Limited to Report Q3, 2024 Results on Feb 12, 2024

Jet Freight Logistics Limited's (NSE:JETFREIGHT) Shares Bounce 25% But Its Business Still Trails The Industry

Jet Freight Logistics (NSE:JETFREIGHT) Use Of Debt Could Be Considered Risky

Jet Freight Logistics Limited Announces Resignation of Ashish Nagpurkar as Chief Human Resource Officer

Second quarter 2024 earnings released

Jet Freight Logistics Limited to Report Q2, 2024 Results on Nov 10, 2023

New minor risk - Share price stability

Jet Freight Logistics Limited to Report Q1, 2024 Results on Aug 11, 2023

Full year 2023 earnings released: ₹0.089 loss per share (vs ₹1.28 profit in FY 2022)

Jet Freight Logistics Limited, Annual General Meeting, Aug 10, 2023

Jet Freight Logistics Limited Appoints Ajay Madhusudan Gandeja as Additional Director

Jet Freight Logistics Limited Appoints Ajay Madhusudan Gandeja as Additional Director

Full year 2023 earnings released: EPS: ₹0.88 (vs ₹1.28 in FY 2022)

Jet Freight Logistics Limited Announces Resignation of Prakash Chandra Sharma of Director

Jet Freight Logistics Limited to Report Q4, 2023 Results on May 25, 2023

Jet Freight Logistics Limited (NSEI:JETFREIGHT) acquired 51% stake in Vank Global Services Private Limited for INR 0.05 million.

Third quarter 2023 earnings released: ₹1.68 loss per share (vs ₹0.33 profit in 3Q 2022)

Jet Freight Logistics Limited to Report Q3, 2023 Results on Feb 06, 2023

Investor sentiment deteriorated over the past week

Jet Freight Logistics Limited Appoints Rushabh P Patil as Additional Director in the Category of Independent Director on the Recommendation of the Nomination & Remuneration Committee

Second quarter 2023 earnings released

Investor sentiment improved over the past week

Jet Freight Logistics (NSE:JETFREIGHT) Has A Somewhat Strained Balance Sheet

Non- Executive Director recently sold ₹30m worth of stock

Non- Executive Director recently sold ₹21m worth of stock

Non- Executive Director recently sold ₹32m worth of stock

Investor sentiment deteriorated over the past week

Jet Freight Logistics Limited Designates Dax Francis Theknath as Executive Director

Full year 2022 earnings released: EPS: ₹1.28 (vs ₹0.90 in FY 2021)

Jet Freight Logistics Limited, Annual General Meeting, Aug 02, 2022

Investor sentiment deteriorated over the past week

Does Jet Freight Logistics (NSE:JETFREIGHT) Have A Healthy Balance Sheet?

Investor sentiment deteriorated over the past week

Full year 2022 earnings released: EPS: ₹2.56 (vs ₹3.85 in FY 2021)

Jet Freight Logistics Limited Appoints Joy John as Director for Multi-Model Logistics Business

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Jet Freight Logistics Limited to Report Q3, 2022 Results on Feb 14, 2022

Investor sentiment improved over the past week

Chairman & MD recently bought ₹657k worth of stock

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Is Jet Freight Logistics (NSE:JETFREIGHT) Using Too Much Debt?

Investor sentiment improved over the past week

Is Jet Freight Logistics (NSE:JETFREIGHT) A Risky Investment?

Full year 2021 earnings released: EPS ₹3.85 (vs ₹8.87 loss in FY 2020)

Investor sentiment improved over the past week