Paramount Trading (Jamaica) Balance Sheet Health
Financial Health criteria checks 2/6
Paramount Trading (Jamaica) has a total shareholder equity of JMD1.0B and total debt of JMD719.4M, which brings its debt-to-equity ratio to 71.8%. Its total assets and total liabilities are JMD2.3B and JMD1.3B respectively.
Key information
71.8%
Debt to equity ratio
JA$719.40m
Debt
| Interest coverage ratio | n/a |
| Cash | JA$232.74m |
| Equity | JA$1.00b |
| Total liabilities | JA$1.32b |
| Total assets | JA$2.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTL's short term assets (JMD1.5B) exceed its short term liabilities (JMD639.2M).
Long Term Liabilities: PTL's short term assets (JMD1.5B) exceed its long term liabilities (JMD682.2M).
Debt to Equity History and Analysis
Debt Level: PTL's net debt to equity ratio (48.6%) is considered high.
Reducing Debt: PTL's debt to equity ratio has increased from 44.6% to 71.8% over the past 5 years.
Debt Coverage: PTL's debt is not well covered by operating cash flow (11%).
Interest Coverage: Insufficient data to determine if PTL's interest payments on its debt are well covered by EBIT.