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 BDT17.2M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are BDT2.9B and BDT300.3M respectively. JMI Syringes & Medical Devices's EBIT is BDT166.1M making its interest coverage ratio 42.2. It has cash and short-term investments of BDT38.9M.
Key information
0.7%
Debt to equity ratio
৳17.22m
Debt
| Interest coverage ratio | 42.2x |
| Cash | ৳38.93m |
| Equity | ৳2.63b |
| Total liabilities | ৳300.32m |
| Total assets | ৳2.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JMISMDL's short term assets (BDT1.6B) exceed its short term liabilities (BDT198.7M).
Long Term Liabilities: JMISMDL's short term assets (BDT1.6B) exceed its long term liabilities (BDT101.7M).
Debt to Equity History and Analysis
Debt Level: JMISMDL has more cash than its total debt.
Reducing Debt: JMISMDL's debt to equity ratio has reduced from 4.6% to 0.7% over the past 5 years.
Debt Coverage: JMISMDL's debt is well covered by operating cash flow (679.6%).
Interest Coverage: JMISMDL's interest payments on its debt are well covered by EBIT (42.2x coverage).