Omni Industries Balance Sheet Health
Financial Health criteria checks 5/6
Omni Industries has a total shareholder equity of JMD946.3M and total debt of JMD312.0M, which brings its debt-to-equity ratio to 33%. Its total assets and total liabilities are JMD1.7B and JMD744.2M respectively. Omni Industries's EBIT is JMD233.0M making its interest coverage ratio 5.6. It has cash and short-term investments of JMD61.6M.
Key information
33.0%
Debt to equity ratio
JA$312.01m
Debt
| Interest coverage ratio | 5.6x |
| Cash | JA$61.62m |
| Equity | JA$946.34m |
| Total liabilities | JA$744.23m |
| Total assets | JA$1.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OMNI's short term assets (JMD1.2B) exceed its short term liabilities (JMD432.2M).
Long Term Liabilities: OMNI's short term assets (JMD1.2B) exceed its long term liabilities (JMD312.0M).
Debt to Equity History and Analysis
Debt Level: OMNI's net debt to equity ratio (26.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if OMNI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: OMNI's debt is well covered by operating cash flow (62.2%).
Interest Coverage: OMNI's interest payments on its debt are well covered by EBIT (5.6x coverage).