Mayberry Jamaican Equities Balance Sheet Health
Financial Health criteria checks 2/6
Mayberry Jamaican Equities has a total shareholder equity of $110.8M and total debt of $34.8M, which brings its debt-to-equity ratio to 31.4%. Its total assets and total liabilities are $147.9M and $37.1M respectively. Mayberry Jamaican Equities's EBIT is $2.9M making its interest coverage ratio 0.4. It has cash and short-term investments of $3.7M.
Key information
31.4%
Debt to equity ratio
US$34.76m
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$3.65m |
| Equity | US$110.82m |
| Total liabilities | US$37.07m |
| Total assets | US$147.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MJE's short term assets ($3.9M) exceed its short term liabilities ($2.3M).
Long Term Liabilities: MJE's short term assets ($3.9M) do not cover its long term liabilities ($34.8M).
Debt to Equity History and Analysis
Debt Level: MJE's net debt to equity ratio (28.1%) is considered satisfactory.
Reducing Debt: MJE's debt to equity ratio has increased from 12.7% to 31.4% over the past 5 years.
Debt Coverage: MJE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MJE's interest payments on its debt are not well covered by EBIT (0.4x coverage).