FosRich Balance Sheet Health
Financial Health criteria checks 4/6
FosRich has a total shareholder equity of JMD2.0B and total debt of JMD1.9B, which brings its debt-to-equity ratio to 93.5%. Its total assets and total liabilities are JMD5.7B and JMD3.6B respectively. FosRich's EBIT is JMD425.6M making its interest coverage ratio 3.4. It has cash and short-term investments of JMD67.9M.
Key information
93.5%
Debt to equity ratio
JA$1.91b
Debt
Interest coverage ratio | 3.4x |
Cash | JA$67.86m |
Equity | JA$2.04b |
Total liabilities | JA$3.64b |
Total assets | JA$5.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FOSRICH's short term assets (JMD3.5B) exceed its short term liabilities (JMD1.7B).
Long Term Liabilities: FOSRICH's short term assets (JMD3.5B) exceed its long term liabilities (JMD2.0B).
Debt to Equity History and Analysis
Debt Level: FOSRICH's net debt to equity ratio (90.2%) is considered high.
Reducing Debt: FOSRICH's debt to equity ratio has reduced from 151.5% to 93.5% over the past 5 years.
Debt Coverage: FOSRICH's debt is not well covered by operating cash flow (12.9%).
Interest Coverage: FOSRICH's interest payments on its debt are well covered by EBIT (3.4x coverage).