Derrimon Trading Balance Sheet Health
Financial Health criteria checks 3/6
Derrimon Trading has a total shareholder equity of JMD7.0B and total debt of JMD4.6B, which brings its debt-to-equity ratio to 65.4%. Its total assets and total liabilities are JMD17.5B and JMD10.5B respectively. Derrimon Trading's EBIT is JMD665.9M making its interest coverage ratio 1. It has cash and short-term investments of JMD452.1M.
Key information
65.4%
Debt to equity ratio
JA$4.57b
Debt
| Interest coverage ratio | 1x |
| Cash | JA$452.08m |
| Equity | JA$6.99b |
| Total liabilities | JA$10.55b |
| Total assets | JA$17.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DTL's short term assets (JMD8.7B) exceed its short term liabilities (JMD4.1B).
Long Term Liabilities: DTL's short term assets (JMD8.7B) exceed its long term liabilities (JMD6.4B).
Debt to Equity History and Analysis
Debt Level: DTL's net debt to equity ratio (58.9%) is considered high.
Reducing Debt: DTL's debt to equity ratio has reduced from 129.3% to 65.4% over the past 5 years.
Debt Coverage: DTL's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: DTL's interest payments on its debt are not well covered by EBIT (1x coverage).