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 ratio
2x
Cash
JA$37.22m
Equity
JA$510.98m
Total liabilities
JA$545.08m
Total assets
JA$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).