Jersey Electricity Balance Sheet Health
Financial Health criteria checks 5/6
Jersey Electricity has a total shareholder equity of £241.5M and total debt of £30.2M, which brings its debt-to-equity ratio to 12.5%. Its total assets and total liabilities are £356.2M and £114.7M respectively. Jersey Electricity's EBIT is £12.1M making its interest coverage ratio -35.4. It has cash and short-term investments of £47.4M.
Key information
12.5%
Debt to equity ratio
UK£30.24m
Debt
| Interest coverage ratio | -35.4x |
| Cash | UK£47.43m |
| Equity | UK£241.54m |
| Total liabilities | UK£114.70m |
| Total assets | UK£356.25m |
Recent financial health updates
Is Jersey Electricity (LON:JEL) Using Too Much Debt?
Mar 29
These 4 Measures Indicate That Jersey Electricity (LON:JEL) Is Using Debt Reasonably Well
Dec 28
Recent updates
Here's Why It's Unlikely That Jersey Electricity plc's (LON:JEL) CEO Will See A Pay Rise This Year
Feb 28Jersey Electricity's (LON:JEL) Upcoming Dividend Will Be Larger Than Last Year's
May 20Increases to Jersey Electricity plc's (LON:JEL) CEO Compensation Might Cool off for now
Mar 02Jersey Electricity (LON:JEL) Is Paying Out A Larger Dividend Than Last Year
Jan 21Jersey Electricity (LON:JEL) Will Pay A Larger Dividend Than Last Year At £0.108
Jan 07Jersey Electricity (LON:JEL) Is Increasing Its Dividend To £0.108
Dec 24Jersey Electricity (LON:JEL) Has Announced That It Will Be Increasing Its Dividend To UK£0.076
May 24Shareholders May Be More Conservative With Jersey Electricity plc's (LON:JEL) CEO Compensation For Now
Feb 24Jersey Electricity (LON:JEL) Has Announced That It Will Be Increasing Its Dividend To UK£0.10
Jan 05Jersey Electricity's (LON:JEL) Promising Earnings May Rest On Soft Foundations
Dec 21Jersey Electricity's (LON:JEL) Dividend Will Be Increased To UK£0.10
Dec 19Return Trends At Jersey Electricity (LON:JEL) Aren't Appealing
May 04Is Jersey Electricity (LON:JEL) Using Too Much Debt?
Mar 29Is Jersey Electricity plc's (LON:JEL) 4.0% Dividend Worth Your Time?
Mar 08Three Days Left To Buy Jersey Electricity plc (LON:JEL) Before The Ex-Dividend Date
Feb 14The Jersey Electricity (LON:JEL) Share Price Is Up 13% And Shareholders Are Holding On
Feb 08Is Jersey Electricity (LON:JEL) Likely To Turn Things Around?
Jan 18These 4 Measures Indicate That Jersey Electricity (LON:JEL) Is Using Debt Reasonably Well
Dec 28How Does Jersey Electricity plc (LON:JEL) Fare As A Dividend Stock?
Dec 07Financial Position Analysis
Short Term Liabilities: JEL's short term assets (£82.6M) exceed its short term liabilities (£23.4M).
Long Term Liabilities: JEL's short term assets (£82.6M) do not cover its long term liabilities (£91.3M).
Debt to Equity History and Analysis
Debt Level: JEL has more cash than its total debt.
Reducing Debt: JEL's debt to equity ratio has reduced from 16% to 12.5% over the past 5 years.
Debt Coverage: JEL's debt is well covered by operating cash flow (58.3%).
Interest Coverage: JEL earns more interest than it pays, so coverage of interest payments is not a concern.