Joyce Balance Sheet Health

Financial Health criteria checks 6/6

Joyce has a total shareholder equity of A$38.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$92.8M and A$54.0M respectively. Joyce's EBIT is A$24.5M making its interest coverage ratio -171.4. It has cash and short-term investments of A$39.1M.

Key information

0%

Debt to equity ratio

AU$0

Debt

Interest coverage ratio-171.4x
CashAU$39.15m
EquityAU$38.82m
Total liabilitiesAU$54.02m
Total assetsAU$92.84m

Recent financial health updates

Recent updates

Joyce (ASX:JYC) Will Pay A Dividend Of A$0.175

Sep 09
Joyce (ASX:JYC) Will Pay A Dividend Of A$0.175

Joyce's (ASX:JYC) Dividend Will Be A$0.11

Feb 29
Joyce's (ASX:JYC) Dividend Will Be A$0.11

Here's Why Shareholders Will Not Be Complaining About Joyce Corporation Ltd's (ASX:JYC) CEO Pay Packet

Nov 17
Here's Why Shareholders Will Not Be Complaining About Joyce Corporation Ltd's (ASX:JYC) CEO Pay Packet

Joyce (ASX:JYC) Will Pay A Larger Dividend Than Last Year At A$0.175

Sep 05
Joyce (ASX:JYC) Will Pay A Larger Dividend Than Last Year At A$0.175

Returns On Capital Are A Standout For Joyce (ASX:JYC)

Aug 31
Returns On Capital Are A Standout For Joyce (ASX:JYC)

We Like Joyce's (ASX:JYC) Returns And Here's How They're Trending

Sep 28
We Like Joyce's (ASX:JYC) Returns And Here's How They're Trending

Joyce (ASX:JYC) Is Paying Out A Larger Dividend Than Last Year

Feb 27
Joyce (ASX:JYC) Is Paying Out A Larger Dividend Than Last Year

Returns on Capital Paint A Bright Future For Joyce (ASX:JYC)

Aug 31
Returns on Capital Paint A Bright Future For Joyce (ASX:JYC)

Is Joyce (ASX:JYC) Using Too Much Debt?

May 21
Is Joyce (ASX:JYC) Using Too Much Debt?

Shareholders Would Enjoy A Repeat Of Joyce's (ASX:JYC) Recent Growth In Returns

May 03
Shareholders Would Enjoy A Repeat Of Joyce's (ASX:JYC) Recent Growth In Returns

Joyce Corporation Ltd's (ASX:JYC) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?

Mar 21
Joyce Corporation Ltd's (ASX:JYC) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?

Dividend Investors: Don't Be Too Quick To Buy Joyce Corporation Ltd (ASX:JYC) For Its Upcoming Dividend

Mar 06
Dividend Investors: Don't Be Too Quick To Buy Joyce Corporation Ltd (ASX:JYC) For Its Upcoming Dividend

Did You Participate In Any Of Joyce's (ASX:JYC) Fantastic 209% Return ?

Mar 05
Did You Participate In Any Of Joyce's (ASX:JYC) Fantastic 209% Return ?

Is Joyce Corporation Ltd (ASX:JYC) A Smart Pick For Income Investors?

Feb 18
Is Joyce Corporation Ltd (ASX:JYC) A Smart Pick For Income Investors?

Why We Like The Returns At Joyce (ASX:JYC)

Jan 14
Why We Like The Returns At Joyce (ASX:JYC)

The Deputy Chairman of the Board of Joyce Corporation Ltd (ASX:JYC), Karen Gadsby, Just Bought 27% More Shares

Dec 10
The Deputy Chairman of the Board of Joyce Corporation Ltd (ASX:JYC), Karen Gadsby, Just Bought 27% More Shares

Financial Position Analysis

Short Term Liabilities: JYC's short term assets (A$46.6M) exceed its short term liabilities (A$32.3M).

Long Term Liabilities: JYC's short term assets (A$46.6M) exceed its long term liabilities (A$21.7M).


Debt to Equity History and Analysis

Debt Level: JYC is debt free.

Reducing Debt: JYC has no debt compared to 5 years ago when its debt to equity ratio was 39.4%.

Debt Coverage: JYC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: JYC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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