Consolidated Bakeries (Jamaica) Balance Sheet Health
Financial Health criteria checks 3/6
Consolidated Bakeries (Jamaica) has a total shareholder equity of JMD709.9M and total debt of JMD253.4M, which brings its debt-to-equity ratio to 35.7%. Its total assets and total liabilities are JMD1.1B and JMD417.6M respectively. Consolidated Bakeries (Jamaica)'s EBIT is JMD32.3M making its interest coverage ratio 1.6. It has cash and short-term investments of JMD45.3M.
Key information
35.7%
Debt to equity ratio
JA$253.44m
Debt
Interest coverage ratio | 1.6x |
Cash | JA$45.28m |
Equity | JA$709.86m |
Total liabilities | JA$417.59m |
Total assets | JA$1.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PURITY's short term assets (JMD276.0M) exceed its short term liabilities (JMD242.3M).
Long Term Liabilities: PURITY's short term assets (JMD276.0M) exceed its long term liabilities (JMD175.3M).
Debt to Equity History and Analysis
Debt Level: PURITY's net debt to equity ratio (29.3%) is considered satisfactory.
Reducing Debt: PURITY's debt to equity ratio has increased from 20.6% to 35.7% over the past 5 years.
Debt Coverage: PURITY's debt is not well covered by operating cash flow (2.7%).
Interest Coverage: PURITY's interest payments on its debt are not well covered by EBIT (1.6x coverage).