Elite Diagnostic Limited

JMSE:ELITE Stock Report

Market Cap: JA$781.0m

Elite Diagnostic Balance Sheet Health

Financial Health criteria checks 1/6

Elite Diagnostic has a total shareholder equity of JMD511.0M and total debt of JMD353.8M, which brings its debt-to-equity ratio to 69.2%. Its total assets and total liabilities are JMD1.1B and JMD545.1M respectively. Elite Diagnostic's EBIT is JMD95.4M making its interest coverage ratio 2. It has cash and short-term investments of JMD37.2M.

Key information

69.2%

Debt to equity ratio

JA$353.81m

Debt

Interest coverage ratio2x
CashJA$37.22m
EquityJA$510.98m
Total liabilitiesJA$545.08m
Total assetsJA$1.06b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: ELITE's short term assets (JMD189.6M) do not cover its short term liabilities (JMD242.9M).

Long Term Liabilities: ELITE's short term assets (JMD189.6M) do not cover its long term liabilities (JMD302.2M).


Debt to Equity History and Analysis

Debt Level: ELITE's net debt to equity ratio (62%) is considered high.

Reducing Debt: ELITE's debt to equity ratio has increased from 43.7% to 69.2% over the past 5 years.

Debt Coverage: ELITE's debt is well covered by operating cash flow (46.6%).

Interest Coverage: ELITE's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


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