JTC Balance Sheet Health
Financial Health criteria checks 5/6
JTC has a total shareholder equity of £503.9M and total debt of £220.5M, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are £905.1M and £401.2M respectively. JTC's EBIT is £56.5M making its interest coverage ratio 5.1. It has cash and short-term investments of £97.2M.
Key information
43.8%
Debt to equity ratio
UK£220.53m
Debt
Interest coverage ratio | 5.1x |
Cash | UK£97.22m |
Equity | UK£503.88m |
Total liabilities | UK£401.22m |
Total assets | UK£905.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JTCL's short term assets (£178.6M) exceed its short term liabilities (£79.2M).
Long Term Liabilities: JTCL's short term assets (£178.6M) do not cover its long term liabilities (£322.0M).
Debt to Equity History and Analysis
Debt Level: JTCL's net debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: JTCL's debt to equity ratio has reduced from 66.7% to 43.8% over the past 5 years.
Debt Coverage: JTCL's debt is well covered by operating cash flow (36.9%).
Interest Coverage: JTCL's interest payments on its debt are well covered by EBIT (5.1x coverage).