Jamaican Teas Balance Sheet Health
Financial Health criteria checks 4/6
Jamaican Teas has a total shareholder equity of JMD4.3B and total debt of JMD736.1M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are JMD5.5B and JMD1.2B respectively. Jamaican Teas's EBIT is JMD155.3M making its interest coverage ratio -1.4. It has cash and short-term investments of JMD372.0M.
Key information
17.0%
Debt to equity ratio
JA$736.13m
Debt
| Interest coverage ratio | -1.4x |
| Cash | JA$372.04m |
| Equity | JA$4.32b |
| Total liabilities | JA$1.15b |
| Total assets | JA$5.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JAMT's short term assets (JMD2.1B) exceed its short term liabilities (JMD776.4M).
Long Term Liabilities: JAMT's short term assets (JMD2.1B) exceed its long term liabilities (JMD373.7M).
Debt to Equity History and Analysis
Debt Level: JAMT's net debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: JAMT's debt to equity ratio has increased from 13.1% to 17% over the past 5 years.
Debt Coverage: JAMT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: JAMT earns more interest than it pays, so coverage of interest payments is not a concern.