Elite Diagnostic Balance Sheet Health
Financial Health criteria checks 2/6
Elite Diagnostic has a total shareholder equity of JMD482.9M and total debt of JMD373.8M, which brings its debt-to-equity ratio to 77.4%. Its total assets and total liabilities are JMD1.0B and JMD550.1M respectively. Elite Diagnostic's EBIT is JMD65.3M making its interest coverage ratio 1.6. It has cash and short-term investments of JMD44.5M.
Key information
77.4%
Debt to equity ratio
JA$373.84m
Debt
Interest coverage ratio | 1.6x |
Cash | JA$44.49m |
Equity | JA$482.93m |
Total liabilities | JA$550.12m |
Total assets | JA$1.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELITE's short term assets (JMD164.2M) exceed its short term liabilities (JMD123.7M).
Long Term Liabilities: ELITE's short term assets (JMD164.2M) do not cover its long term liabilities (JMD426.4M).
Debt to Equity History and Analysis
Debt Level: ELITE's net debt to equity ratio (68.2%) is considered high.
Reducing Debt: ELITE's debt to equity ratio has increased from 62.4% to 77.4% over the past 5 years.
Debt Coverage: ELITE's debt is well covered by operating cash flow (28.7%).
Interest Coverage: ELITE's interest payments on its debt are not well covered by EBIT (1.6x coverage).