JMI Syringes & Medical Devices Balance Sheet Health
Financial Health criteria checks 6/6
JMI Syringes & Medical Devices has a total shareholder equity of BDT2.6B and total debt of BDT42.2M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are BDT2.9B and BDT358.6M respectively. JMI Syringes & Medical Devices's EBIT is BDT45.5M making its interest coverage ratio 4.6. It has cash and short-term investments of BDT22.2M.
Key information
1.6%
Debt to equity ratio
৳42.17m
Debt
Interest coverage ratio | 4.6x |
Cash | ৳22.22m |
Equity | ৳2.57b |
Total liabilities | ৳358.63m |
Total assets | ৳2.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JMISMDL's short term assets (BDT1.5B) exceed its short term liabilities (BDT257.4M).
Long Term Liabilities: JMISMDL's short term assets (BDT1.5B) exceed its long term liabilities (BDT101.2M).
Debt to Equity History and Analysis
Debt Level: JMISMDL's net debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: JMISMDL's debt to equity ratio has reduced from 220% to 1.6% over the past 5 years.
Debt Coverage: JMISMDL's debt is well covered by operating cash flow (532.8%).
Interest Coverage: JMISMDL's interest payments on its debt are well covered by EBIT (4.6x coverage).