Jetcon Balance Sheet Health
Financial Health criteria checks 5/6
Jetcon has a total shareholder equity of JMD557.9M and total debt of JMD30.0M, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are JMD621.8M and JMD63.9M respectively. Jetcon's EBIT is JMD542.1K making its interest coverage ratio 0.1. It has cash and short-term investments of JMD347.8K.
Key information
5.4%
Debt to equity ratio
JA$30.00m
Debt
| Interest coverage ratio | 0.06x |
| Cash | JA$347.78k |
| Equity | JA$557.94m |
| Total liabilities | JA$63.90m |
| Total assets | JA$621.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JETCON's short term assets (JMD450.4M) exceed its short term liabilities (JMD63.9M).
Long Term Liabilities: JETCON has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: JETCON's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: JETCON's debt to equity ratio has reduced from 9.2% to 5.4% over the past 5 years.
Debt Coverage: JETCON's debt is well covered by operating cash flow (93.7%).
Interest Coverage: JETCON's interest payments on its debt are not well covered by EBIT (0.1x coverage).