Tropical Battery Balance Sheet Health
Financial Health criteria checks 5/6
Tropical Battery has a total shareholder equity of JMD1.2B and total debt of JMD735.2M, which brings its debt-to-equity ratio to 63.2%. Its total assets and total liabilities are JMD2.5B and JMD1.4B respectively. Tropical Battery's EBIT is JMD221.7M making its interest coverage ratio 3.3. It has cash and short-term investments of JMD308.6M.
Key information
63.2%
Debt to equity ratio
JA$735.21m
Debt
Interest coverage ratio | 3.3x |
Cash | JA$308.56m |
Equity | JA$1.16b |
Total liabilities | JA$1.39b |
Total assets | JA$2.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TROPICAL's short term assets (JMD2.1B) exceed its short term liabilities (JMD850.2M).
Long Term Liabilities: TROPICAL's short term assets (JMD2.1B) exceed its long term liabilities (JMD535.6M).
Debt to Equity History and Analysis
Debt Level: TROPICAL's net debt to equity ratio (36.7%) is considered satisfactory.
Reducing Debt: TROPICAL's debt to equity ratio has reduced from 124.1% to 63.2% over the past 5 years.
Debt Coverage: TROPICAL's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: TROPICAL's interest payments on its debt are well covered by EBIT (3.3x coverage).