Jordan Express Tourist Transport Balance Sheet Health
Financial Health criteria checks 5/6
Jordan Express Tourist Transport has a total shareholder equity of JOD16.7M and total debt of JOD3.9M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are JOD27.2M and JOD10.6M respectively. Jordan Express Tourist Transport's EBIT is JOD493.4K making its interest coverage ratio -43.2. It has cash and short-term investments of JOD2.8M.
Key information
23.2%
Debt to equity ratio
د.أ3.86m
Debt
| Interest coverage ratio | -43.2x |
| Cash | د.أ2.78m |
| Equity | د.أ16.67m |
| Total liabilities | د.أ10.57m |
| Total assets | د.أ27.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JETT's short term assets (JOD7.1M) exceed its short term liabilities (JOD6.9M).
Long Term Liabilities: JETT's short term assets (JOD7.1M) exceed its long term liabilities (JOD3.7M).
Debt to Equity History and Analysis
Debt Level: JETT's net debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: JETT's debt to equity ratio has increased from 6.1% to 23.2% over the past 5 years.
Debt Coverage: JETT's debt is well covered by operating cash flow (44.5%).
Interest Coverage: JETT earns more interest than it pays, so coverage of interest payments is not a concern.