FosRich Balance Sheet Health
Financial Health criteria checks 3/6
FosRich has a total shareholder equity of JMD2.1B and total debt of JMD2.5B, which brings its debt-to-equity ratio to 117.1%. Its total assets and total liabilities are JMD6.8B and JMD4.7B respectively. FosRich's EBIT is JMD464.3M making its interest coverage ratio 2.1. It has cash and short-term investments of JMD137.1M.
Key information
117.1%
Debt to equity ratio
JA$2.48b
Debt
| Interest coverage ratio | 2.1x |
| Cash | JA$137.13m |
| Equity | JA$2.12b |
| Total liabilities | JA$4.69b |
| Total assets | JA$6.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FOSRICH's short term assets (JMD4.5B) exceed its short term liabilities (JMD2.2B).
Long Term Liabilities: FOSRICH's short term assets (JMD4.5B) exceed its long term liabilities (JMD2.5B).
Debt to Equity History and Analysis
Debt Level: FOSRICH's net debt to equity ratio (110.7%) is considered high.
Reducing Debt: FOSRICH's debt to equity ratio has reduced from 145.1% to 117.1% over the past 5 years.
Debt Coverage: FOSRICH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FOSRICH's interest payments on its debt are not well covered by EBIT (2.1x coverage).