Wisynco Group Balance Sheet Health
Financial Health criteria checks 6/6
Wisynco Group has a total shareholder equity of JMD23.9B and total debt of JMD3.6B, which brings its debt-to-equity ratio to 15.1%. Its total assets and total liabilities are JMD33.7B and JMD9.8B respectively. Wisynco Group's EBIT is JMD6.1B making its interest coverage ratio -8.1. It has cash and short-term investments of JMD8.6B.
Key information
15.1%
Debt to equity ratio
JA$3.62b
Debt
Interest coverage ratio | -8.1x |
Cash | JA$8.64b |
Equity | JA$23.94b |
Total liabilities | JA$9.80b |
Total assets | JA$33.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WISYNCO's short term assets (JMD20.2B) exceed its short term liabilities (JMD7.1B).
Long Term Liabilities: WISYNCO's short term assets (JMD20.2B) exceed its long term liabilities (JMD2.7B).
Debt to Equity History and Analysis
Debt Level: WISYNCO has more cash than its total debt.
Reducing Debt: WISYNCO's debt to equity ratio has reduced from 23.3% to 15.1% over the past 5 years.
Debt Coverage: WISYNCO's debt is well covered by operating cash flow (164.8%).
Interest Coverage: WISYNCO earns more interest than it pays, so coverage of interest payments is not a concern.