Tropical Battery Balance Sheet Health
Financial Health criteria checks 2/6
Tropical Battery has a total shareholder equity of JMD1.3B and total debt of JMD4.7B, which brings its debt-to-equity ratio to 371.9%. Its total assets and total liabilities are JMD7.6B and JMD6.3B respectively. Tropical Battery's EBIT is JMD516.3M making its interest coverage ratio 2.3. It has cash and short-term investments of JMD425.4M.
Key information
371.9%
Debt to equity ratio
JA$4.67b
Debt
| Interest coverage ratio | 2.3x |
| Cash | JA$425.45m |
| Equity | JA$1.26b |
| Total liabilities | JA$6.33b |
| Total assets | JA$7.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TROPICAL's short term assets (JMD4.1B) exceed its short term liabilities (JMD3.4B).
Long Term Liabilities: TROPICAL's short term assets (JMD4.1B) exceed its long term liabilities (JMD2.9B).
Debt to Equity History and Analysis
Debt Level: TROPICAL's net debt to equity ratio (338%) is considered high.
Reducing Debt: TROPICAL's debt to equity ratio has increased from 112.6% to 371.9% over the past 5 years.
Debt Coverage: TROPICAL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TROPICAL's interest payments on its debt are not well covered by EBIT (2.3x coverage).