Indies Pharma Jamaica Limited

JMSE:INDIES Stock Report

Market Cap: JA$3.6b

Indies Pharma Jamaica Balance Sheet Health

Financial Health criteria checks 2/6

Indies Pharma Jamaica has a total shareholder equity of JMD1.4B and total debt of JMD817.4M, which brings its debt-to-equity ratio to 60.4%. Its total assets and total liabilities are JMD2.3B and JMD997.1M respectively. Indies Pharma Jamaica's EBIT is JMD327.2M making its interest coverage ratio 5.4. It has cash and short-term investments of JMD234.6M.

Key information

60.4%

Debt to equity ratio

JA$817.35m

Debt

Interest coverage ratio5.4x
CashJA$234.62m
EquityJA$1.35b
Total liabilitiesJA$997.14m
Total assetsJA$2.35b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: INDIES's short term assets (JMD829.8M) exceed its short term liabilities (JMD111.6M).

Long Term Liabilities: INDIES's short term assets (JMD829.8M) do not cover its long term liabilities (JMD885.5M).


Debt to Equity History and Analysis

Debt Level: INDIES's net debt to equity ratio (43.1%) is considered high.

Reducing Debt: INDIES's debt to equity ratio has increased from 0% to 60.4% over the past 5 years.

Debt Coverage: INDIES's debt is not well covered by operating cash flow (15.9%).

Interest Coverage: INDIES's interest payments on its debt are well covered by EBIT (5.4x coverage).


Balance Sheet


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