Omni Industries Balance Sheet Health
Financial Health criteria checks 5/6
Omni Industries has a total shareholder equity of JMD908.3M and total debt of JMD303.7M, which brings its debt-to-equity ratio to 33.4%. Its total assets and total liabilities are JMD1.8B and JMD865.9M respectively. Omni Industries's EBIT is JMD229.6M making its interest coverage ratio 5.2. It has cash and short-term investments of JMD236.4M.
Key information
33.4%
Debt to equity ratio
JA$303.72m
Debt
| Interest coverage ratio | 5.2x |
| Cash | JA$236.42m |
| Equity | JA$908.35m |
| Total liabilities | JA$865.86m |
| Total assets | JA$1.77b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: OMNI's short term assets (JMD1.3B) exceed its short term liabilities (JMD562.1M).
Long Term Liabilities: OMNI's short term assets (JMD1.3B) exceed its long term liabilities (JMD303.7M).
Debt to Equity History and Analysis
Debt Level: OMNI's net debt to equity ratio (7.4%) 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 (86.9%).
Interest Coverage: OMNI's interest payments on its debt are well covered by EBIT (5.2x coverage).