Abu Dhabi Ship Building PJSC Balance Sheet Health
Financial Health criteria checks 5/6
Abu Dhabi Ship Building PJSC has a total shareholder equity of AED293.3M and total debt of AED75.8M, which brings its debt-to-equity ratio to 25.8%. Its total assets and total liabilities are AED2.4B and AED2.1B respectively. Abu Dhabi Ship Building PJSC's EBIT is AED54.3M making its interest coverage ratio -5. It has cash and short-term investments of AED304.1M.
Key information
25.8%
Debt to equity ratio
د.إ75.79m
Debt
| Interest coverage ratio | -5x |
| Cash | د.إ304.14m |
| Equity | د.إ293.34m |
| Total liabilities | د.إ2.10b |
| Total assets | د.إ2.40b |
Recent financial health updates
No updates
Recent updates
Abu Dhabi Ship Building PJSC (ADX:ADSB) Ticks All The Boxes When It Comes To Earnings Growth
Sep 16
The Returns On Capital At Abu Dhabi Ship Building PJSC (ADX:ADSB) Don't Inspire Confidence
Aug 27We Think Abu Dhabi Ship Building PJSC's (ADX:ADSB) Solid Earnings Are Understated
Nov 18Reflecting on Abu Dhabi Ship Building PJSC's (ADX:ADSB) Share Price Returns Over The Last Five Years
Feb 05
Do Insiders Own Lots Of Shares In Abu Dhabi Ship Building PJSC (ADX:ADSB)?
Dec 13Financial Position Analysis
Short Term Liabilities: ADSB's short term assets (AED1.9B) exceed its short term liabilities (AED1.4B).
Long Term Liabilities: ADSB's short term assets (AED1.9B) exceed its long term liabilities (AED671.9M).
Debt to Equity History and Analysis
Debt Level: ADSB has more cash than its total debt.
Reducing Debt: ADSB's debt to equity ratio has reduced from 155.6% to 25.8% over the past 5 years.
Debt Coverage: ADSB's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ADSB earns more interest than it pays, so coverage of interest payments is not a concern.