JTC Balance Sheet Health
Financial Health criteria checks 5/6
JTC has a total shareholder equity of £518.5M and total debt of £220.7M, which brings its debt-to-equity ratio to 42.6%. Its total assets and total liabilities are £914.8M and £396.3M respectively. JTC's EBIT is £63.4M making its interest coverage ratio 4.4. It has cash and short-term investments of £88.9M.
Key information
42.6%
Debt to equity ratio
UK£220.75m
Debt
| Interest coverage ratio | 4.4x |
| Cash | UK£88.89m |
| Equity | UK£518.51m |
| Total liabilities | UK£396.25m |
| Total assets | UK£914.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JTCL's short term assets (£181.3M) exceed its short term liabilities (£94.6M).
Long Term Liabilities: JTCL's short term assets (£181.3M) do not cover its long term liabilities (£301.7M).
Debt to Equity History and Analysis
Debt Level: JTCL's net debt to equity ratio (25.4%) is considered satisfactory.
Reducing Debt: JTCL's debt to equity ratio has reduced from 72.5% to 42.6% over the past 5 years.
Debt Coverage: JTCL's debt is well covered by operating cash flow (38.8%).
Interest Coverage: JTCL's interest payments on its debt are well covered by EBIT (4.4x coverage).