Jamaican Teas Balance Sheet Health
Financial Health criteria checks 4/6
Jamaican Teas has a total shareholder equity of JMD4.1B and total debt of JMD847.1M, which brings its debt-to-equity ratio to 20.7%. Its total assets and total liabilities are JMD5.5B and JMD1.4B respectively. Jamaican Teas's EBIT is JMD138.7M making its interest coverage ratio -4.4. It has cash and short-term investments of JMD108.3M.
Key information
20.7%
Debt to equity ratio
JA$847.07m
Debt
Interest coverage ratio | -4.4x |
Cash | JA$108.29m |
Equity | JA$4.09b |
Total liabilities | JA$1.41b |
Total assets | JA$5.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JAMT's short term assets (JMD1.9B) exceed its short term liabilities (JMD795.2M).
Long Term Liabilities: JAMT's short term assets (JMD1.9B) exceed its long term liabilities (JMD613.9M).
Debt to Equity History and Analysis
Debt Level: JAMT's net debt to equity ratio (18.1%) is considered satisfactory.
Reducing Debt: JAMT's debt to equity ratio has increased from 15.5% to 20.7% over the past 5 years.
Debt Coverage: JAMT's debt is not well covered by operating cash flow (8.4%).
Interest Coverage: JAMT earns more interest than it pays, so coverage of interest payments is not a concern.