Derrimon Trading Balance Sheet Health
Financial Health criteria checks 3/6
Derrimon Trading has a total shareholder equity of JMD6.9B and total debt of JMD4.0B, which brings its debt-to-equity ratio to 58%. Its total assets and total liabilities are JMD16.6B and JMD9.8B respectively. Derrimon Trading's EBIT is JMD623.7M making its interest coverage ratio 1.1. It has cash and short-term investments of JMD411.8M.
Key information
58.0%
Debt to equity ratio
JA$3.99b
Debt
Interest coverage ratio | 1.1x |
Cash | JA$411.83m |
Equity | JA$6.87b |
Total liabilities | JA$9.77b |
Total assets | JA$16.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DTL's short term assets (JMD7.6B) exceed its short term liabilities (JMD4.1B).
Long Term Liabilities: DTL's short term assets (JMD7.6B) exceed its long term liabilities (JMD5.6B).
Debt to Equity History and Analysis
Debt Level: DTL's net debt to equity ratio (52.1%) is considered high.
Reducing Debt: DTL's debt to equity ratio has reduced from 137% to 58% over the past 5 years.
Debt Coverage: DTL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DTL's interest payments on its debt are not well covered by EBIT (1.1x coverage).