Jordan Insurance Balance Sheet Health
Financial Health criteria checks 5/6
Jordan Insurance has a total shareholder equity of JOD44.6M and total debt of JOD568.2K, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are JOD100.1M and JOD55.5M respectively. Jordan Insurance's EBIT is JOD3.2M making its interest coverage ratio -8. It has cash and short-term investments of JOD29.7M.
Key information
1.3%
Debt to equity ratio
د.أ568.18k
Debt
| Interest coverage ratio | -8x |
| Cash | د.أ29.69m |
| Equity | د.أ44.60m |
| Total liabilities | د.أ55.49m |
| Total assets | د.أ100.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JOIN's short term assets (JOD49.8M) do not cover its short term liabilities (JOD54.5M).
Long Term Liabilities: JOIN's short term assets (JOD49.8M) exceed its long term liabilities (JOD988.6K).
Debt to Equity History and Analysis
Debt Level: JOIN has more cash than its total debt.
Reducing Debt: JOIN's debt to equity ratio has reduced from 38.5% to 1.3% over the past 5 years.
Debt Coverage: JOIN's debt is well covered by operating cash flow (1157.8%).
Interest Coverage: JOIN earns more interest than it pays, so coverage of interest payments is not a concern.