Limners and Bards Balance Sheet Health
Financial Health criteria checks 6/6
Limners and Bards has a total shareholder equity of JMD624.1M and total debt of JMD14.7M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are JMD909.3M and JMD285.2M respectively. Limners and Bards's EBIT is JMD60.8M making its interest coverage ratio -29.9. It has cash and short-term investments of JMD469.0M.
Key information
2.3%
Debt to equity ratio
JA$14.66m
Debt
Interest coverage ratio | -29.9x |
Cash | JA$468.95m |
Equity | JA$624.10m |
Total liabilities | JA$285.20m |
Total assets | JA$909.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LAB's short term assets (JMD731.7M) exceed its short term liabilities (JMD181.2M).
Long Term Liabilities: LAB's short term assets (JMD731.7M) exceed its long term liabilities (JMD104.0M).
Debt to Equity History and Analysis
Debt Level: LAB has more cash than its total debt.
Reducing Debt: LAB's debt to equity ratio has reduced from 41.3% to 2.3% over the past 5 years.
Debt Coverage: LAB's debt is well covered by operating cash flow (1077.9%).
Interest Coverage: LAB earns more interest than it pays, so coverage of interest payments is not a concern.