Jet Contractors Balance Sheet Health
Financial Health criteria checks 4/6
Jet Contractors has a total shareholder equity of MAD1.0B and total debt of MAD922.8M, which brings its debt-to-equity ratio to 90.2%. Its total assets and total liabilities are MAD3.7B and MAD2.7B respectively. Jet Contractors's EBIT is MAD112.7M making its interest coverage ratio 2.1. It has cash and short-term investments of MAD155.8M.
Key information
90.2%
Debt to equity ratio
د.م922.78m
Debt
Interest coverage ratio | 2.1x |
Cash | د.م155.75m |
Equity | د.م1.02b |
Total liabilities | د.م2.67b |
Total assets | د.م3.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JET's short term assets (MAD3.5B) exceed its short term liabilities (MAD2.3B).
Long Term Liabilities: JET's short term assets (MAD3.5B) exceed its long term liabilities (MAD338.8M).
Debt to Equity History and Analysis
Debt Level: JET's net debt to equity ratio (75%) is considered high.
Reducing Debt: JET's debt to equity ratio has reduced from 98.2% to 90.2% over the past 5 years.
Debt Coverage: JET's debt is well covered by operating cash flow (21.3%).
Interest Coverage: JET's interest payments on its debt are not well covered by EBIT (2.1x coverage).