J-Long Group Balance Sheet Health
Financial Health criteria checks 5/6
J-Long Group has a total shareholder equity of $12.8M and total debt of $2.3M, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are $20.8M and $8.0M respectively. J-Long Group's EBIT is $4.0M making its interest coverage ratio 23.1. It has cash and short-term investments of $812.2K.
Key information
18.3%
Debt to equity ratio
US$2.34m
Debt
Interest coverage ratio | 23.1x |
Cash | US$812.23k |
Equity | US$12.77m |
Total liabilities | US$7.99m |
Total assets | US$20.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JL's short term assets ($17.0M) exceed its short term liabilities ($6.3M).
Long Term Liabilities: JL's short term assets ($17.0M) exceed its long term liabilities ($1.7M).
Debt to Equity History and Analysis
Debt Level: JL's net debt to equity ratio (12%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if JL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: JL's debt is well covered by operating cash flow (83.6%).
Interest Coverage: JL's interest payments on its debt are well covered by EBIT (23.1x coverage).