Caribbean Cream Balance Sheet Health
Financial Health criteria checks 2/6
Caribbean Cream has a total shareholder equity of JMD896.2M and total debt of JMD1.1B, which brings its debt-to-equity ratio to 123.6%. Its total assets and total liabilities are JMD2.4B and JMD1.5B respectively. Caribbean Cream's EBIT is JMD173.3M making its interest coverage ratio 1.8. It has cash and short-term investments of JMD70.8M.
Key information
123.6%
Debt to equity ratio
JA$1.11b
Debt
| Interest coverage ratio | 1.8x |
| Cash | JA$70.77m |
| Equity | JA$896.25m |
| Total liabilities | JA$1.46b |
| Total assets | JA$2.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KREMI's short term assets (JMD494.2M) exceed its short term liabilities (JMD300.4M).
Long Term Liabilities: KREMI's short term assets (JMD494.2M) do not cover its long term liabilities (JMD1.2B).
Debt to Equity History and Analysis
Debt Level: KREMI's net debt to equity ratio (115.7%) is considered high.
Reducing Debt: KREMI's debt to equity ratio has increased from 20% to 123.6% over the past 5 years.
Debt Coverage: KREMI's debt is well covered by operating cash flow (23.6%).
Interest Coverage: KREMI's interest payments on its debt are not well covered by EBIT (1.8x coverage).