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Just Life Group Balance Sheet Health
Financial Health criteria checks 3/6
Just Life Group has a total shareholder equity of NZ$28.4M and total debt of NZ$12.7M, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are NZ$54.3M and NZ$25.8M respectively. Just Life Group's EBIT is NZ$4.3M making its interest coverage ratio 2.5. It has cash and short-term investments of NZ$60.0K.
Key information
44.8%
Debt to equity ratio
NZ$12.73m
Debt
| Interest coverage ratio | 2.5x |
| Cash | NZ$60.00k |
| Equity | NZ$28.44m |
| Total liabilities | NZ$25.83m |
| Total assets | NZ$54.26m |
Recent financial health updates
We Think Just Life Group (NZSE:JLG) Is Taking Some Risk With Its Debt
Dec 19
Is Just Life Group (NZSE:JLG) Using Too Much Debt?
Feb 24Here's Why Just Life Group (NZSE:JLG) Can Manage Its Debt Responsibly
Aug 29We Think Just Life Group (NZSE:JLG) Can Stay On Top Of Its Debt
Apr 29Just Life Group (NZSE:JLG) Has A Pretty Healthy Balance Sheet
Mar 21Is Just Life Group (NZSE:JLG) A Risky Investment?
Dec 21
Recent updates
Just Life Group's (NZSE:JLG) Dividend Is Being Reduced To NZ$0.0035
Feb 26Just Life Group Limited's (NZSE:JLG) 26% Dip In Price Shows Sentiment Is Matching Earnings
Dec 21We Think Just Life Group (NZSE:JLG) Is Taking Some Risk With Its Debt
Dec 19Just Life Group (NZSE:JLG) Is Due To Pay A Dividend Of NZ$0.0082
Aug 30Is Just Life Group (NZSE:JLG) Using Too Much Debt?
Feb 24Here's Why Just Life Group (NZSE:JLG) Can Manage Its Debt Responsibly
Aug 29Calculating The Intrinsic Value Of Just Life Group Limited (NZSE:JLG)
Jul 19We Think Just Life Group (NZSE:JLG) Can Stay On Top Of Its Debt
Apr 29Just Life Group (NZSE:JLG) Has Affirmed Its Dividend Of NZ$0.012
Feb 27Estimating The Fair Value Of Just Life Group Limited (NZSE:JLG)
May 02Do Just Life Group's (NZSE:JLG) Earnings Warrant Your Attention?
Apr 05Just Life Group (NZSE:JLG) Has A Pretty Healthy Balance Sheet
Mar 21Should You Buy Just Life Group Limited (NZSE:JLG) For Its Upcoming Dividend?
Mar 06We're Watching These Trends At Just Life Group (NZSE:JLG)
Feb 28Shareholders of Just Life Group (NZSE:JLG) Must Be Delighted With Their 539% Total Return
Feb 13Do Its Financials Have Any Role To Play In Driving Just Life Group Limited's (NZSE:JLG) Stock Up Recently?
Jan 31Is Just Life Group Limited (NZSE:JLG) A Smart Choice For Dividend Investors?
Jan 18Here's Why I Think Just Life Group (NZSE:JLG) Might Deserve Your Attention Today
Jan 05Is Just Life Group (NZSE:JLG) A Risky Investment?
Dec 21Calculating The Intrinsic Value Of Just Life Group Limited (NZSE:JLG)
Dec 08Has Just Life Group (NZSE:JLG) Got What It Takes To Become A Multi-Bagger?
Nov 26Financial Position Analysis
Short Term Liabilities: JLG's short term assets (NZ$8.6M) exceed its short term liabilities (NZ$6.1M).
Long Term Liabilities: JLG's short term assets (NZ$8.6M) do not cover its long term liabilities (NZ$19.8M).
Debt to Equity History and Analysis
Debt Level: JLG's net debt to equity ratio (44.6%) is considered high.
Reducing Debt: JLG's debt to equity ratio has reduced from 82.3% to 44.8% over the past 5 years.
Debt Coverage: JLG's debt is well covered by operating cash flow (38%).
Interest Coverage: JLG's interest payments on its debt are not well covered by EBIT (2.5x coverage).