Elite Diagnostic Balance Sheet Health
Financial Health criteria checks 1/6
Elite Diagnostic has a total shareholder equity of JMD499.5M and total debt of JMD342.6M, which brings its debt-to-equity ratio to 68.6%. Its total assets and total liabilities are JMD1.0B and JMD537.6M respectively. Elite Diagnostic's EBIT is JMD85.5M making its interest coverage ratio 1.9. It has cash and short-term investments of JMD45.9M.
Key information
68.6%
Debt to equity ratio
JA$342.56m
Debt
| Interest coverage ratio | 1.9x |
| Cash | JA$45.88m |
| Equity | JA$499.54m |
| Total liabilities | JA$537.59m |
| Total assets | JA$1.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELITE's short term assets (JMD195.7M) do not cover its short term liabilities (JMD235.4M).
Long Term Liabilities: ELITE's short term assets (JMD195.7M) do not cover its long term liabilities (JMD302.2M).
Debt to Equity History and Analysis
Debt Level: ELITE's net debt to equity ratio (59.4%) is considered high.
Reducing Debt: ELITE's debt to equity ratio has increased from 42% to 68.6% over the past 5 years.
Debt Coverage: ELITE's debt is well covered by operating cash flow (46.7%).
Interest Coverage: ELITE's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 08:31 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Elite Diagnostic Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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