Indies Pharma Jamaica Balance Sheet Health
Financial Health criteria checks 3/6
Indies Pharma Jamaica has a total shareholder equity of JMD1.2B and total debt of JMD811.3M, which brings its debt-to-equity ratio to 65%. Its total assets and total liabilities are JMD2.2B and JMD979.8M respectively. Indies Pharma Jamaica's EBIT is JMD290.8M making its interest coverage ratio 5. It has cash and short-term investments of JMD185.8M.
Key information
65.0%
Debt to equity ratio
JA$811.30m
Debt
| Interest coverage ratio | 5x |
| Cash | JA$185.77m |
| Equity | JA$1.25b |
| Total liabilities | JA$979.76m |
| Total assets | JA$2.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: INDIES's short term assets (JMD756.8M) exceed its short term liabilities (JMD90.1M).
Long Term Liabilities: INDIES's short term assets (JMD756.8M) do not cover its long term liabilities (JMD889.7M).
Debt to Equity History and Analysis
Debt Level: INDIES's net debt to equity ratio (50.1%) is considered high.
Reducing Debt: INDIES's debt to equity ratio has increased from 0% to 65% over the past 5 years.
Debt Coverage: INDIES's debt is well covered by operating cash flow (23.2%).
Interest Coverage: INDIES's interest payments on its debt are well covered by EBIT (5x coverage).