iCreate Balance Sheet Health
Financial Health criteria checks 2/6
iCreate has a total shareholder equity of JMD487.3M and total debt of JMD167.0M, which brings its debt-to-equity ratio to 34.3%. Its total assets and total liabilities are JMD706.1M and JMD218.8M respectively. iCreate's EBIT is JMD4.6M making its interest coverage ratio 0.2. It has cash and short-term investments of JMD7.1M.
Key information
34.3%
Debt to equity ratio
JA$167.02m
Debt
Interest coverage ratio | 0.2x |
Cash | JA$7.09m |
Equity | JA$487.30m |
Total liabilities | JA$218.78m |
Total assets | JA$706.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ICREATE's short term assets (JMD72.8M) do not cover its short term liabilities (JMD86.5M).
Long Term Liabilities: ICREATE's short term assets (JMD72.8M) do not cover its long term liabilities (JMD132.3M).
Debt to Equity History and Analysis
Debt Level: ICREATE's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: ICREATE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ICREATE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ICREATE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31.8% each year