Caribbean Assurance Brokers Balance Sheet Health
Financial Health criteria checks 6/6
Caribbean Assurance Brokers has a total shareholder equity of JMD567.4M and total debt of JMD23.9M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are JMD1.1B and JMD554.6M respectively. Caribbean Assurance Brokers's EBIT is JMD80.4M making its interest coverage ratio -24.2. It has cash and short-term investments of JMD276.0M.
Key information
4.2%
Debt to equity ratio
JA$23.95m
Debt
| Interest coverage ratio | -24.2x |
| Cash | JA$276.00m |
| Equity | JA$567.44m |
| Total liabilities | JA$554.58m |
| Total assets | JA$1.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CABROKERS's short term assets (JMD787.9M) exceed its short term liabilities (JMD554.6M).
Long Term Liabilities: CABROKERS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CABROKERS has more cash than its total debt.
Reducing Debt: CABROKERS's debt to equity ratio has reduced from 40.7% to 4.2% over the past 5 years.
Debt Coverage: CABROKERS's debt is well covered by operating cash flow (414.4%).
Interest Coverage: CABROKERS earns more interest than it pays, so coverage of interest payments is not a concern.