GraceKennedy Balance Sheet Health
Financial Health criteria checks 6/6
GraceKennedy has a total shareholder equity of JMD83.3B and total debt of JMD23.8B, which brings its debt-to-equity ratio to 28.6%. Its total assets and total liabilities are JMD219.5B and JMD136.2B respectively. GraceKennedy's EBIT is JMD11.3B making its interest coverage ratio 7.4. It has cash and short-term investments of JMD28.8B.
Key information
28.6%
Debt to equity ratio
JA$23.83b
Debt
| Interest coverage ratio | 7.4x |
| Cash | JA$28.75b |
| Equity | JA$83.26b |
| Total liabilities | JA$136.23b |
| Total assets | JA$219.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GK's short term assets (JMD113.6B) exceed its short term liabilities (JMD38.0B).
Long Term Liabilities: GK's short term assets (JMD113.6B) exceed its long term liabilities (JMD98.2B).
Debt to Equity History and Analysis
Debt Level: GK has more cash than its total debt.
Reducing Debt: GK's debt to equity ratio has reduced from 50.7% to 28.6% over the past 5 years.
Debt Coverage: GK's debt is well covered by operating cash flow (73.1%).
Interest Coverage: GK's interest payments on its debt are well covered by EBIT (7.4x coverage).