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 JMD4.8B, which brings its debt-to-equity ratio to 68.8%. Its total assets and total liabilities are JMD18.8B and JMD11.8B respectively. Derrimon Trading's EBIT is JMD631.6M making its interest coverage ratio 0.9. It has cash and short-term investments of JMD702.6M.
Key information
68.8%
Debt to equity ratio
JA$4.81b
Debt
| Interest coverage ratio | 0.9x |
| Cash | JA$702.57m |
| Equity | JA$6.99b |
| Total liabilities | JA$11.78b |
| Total assets | JA$18.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DTL's short term assets (JMD10.1B) exceed its short term liabilities (JMD5.5B).
Long Term Liabilities: DTL's short term assets (JMD10.1B) exceed its long term liabilities (JMD6.3B).
Debt to Equity History and Analysis
Debt Level: DTL's net debt to equity ratio (58.8%) is considered high.
Reducing Debt: DTL's debt to equity ratio has reduced from 158.2% to 68.8% over the past 5 years.
Debt Coverage: DTL's debt is not well covered by operating cash flow (5.7%).
Interest Coverage: DTL's interest payments on its debt are not well covered by EBIT (0.9x coverage).