Caribbean Assurance Brokers Balance Sheet Health
Financial Health criteria checks 6/6
Caribbean Assurance Brokers has a total shareholder equity of JMD512.3M and total debt of JMD31.0M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are JMD1.4B and JMD875.4M respectively. Caribbean Assurance Brokers's EBIT is JMD29.9M making its interest coverage ratio -158.9. It has cash and short-term investments of JMD897.9M.
Key information
6.0%
Debt to equity ratio
JA$30.95m
Debt
Interest coverage ratio | -158.9x |
Cash | JA$897.87m |
Equity | JA$512.27m |
Total liabilities | JA$875.39m |
Total assets | JA$1.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CABROKERS's short term assets (JMD1.1B) exceed its short term liabilities (JMD875.4M).
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 29.3% to 6% over the past 5 years.
Debt Coverage: CABROKERS's debt is well covered by operating cash flow (545.6%).
Interest Coverage: CABROKERS earns more interest than it pays, so coverage of interest payments is not a concern.