Al Seer Marine Supplies and Equipment Company PJSC Balance Sheet Health
Financial Health criteria checks 1/6
Al Seer Marine Supplies and Equipment Company PJSC has a total shareholder equity of AED5.9B and total debt of AED2.8B, which brings its debt-to-equity ratio to 46.7%. Its total assets and total liabilities are AED9.1B and AED3.2B respectively. Al Seer Marine Supplies and Equipment Company PJSC's EBIT is AED106.7M making its interest coverage ratio 2.5. It has cash and short-term investments of AED235.9M.
Key information
46.7%
Debt to equity ratio
د.إ2.76b
Debt
Interest coverage ratio | 2.5x |
Cash | د.إ235.93m |
Equity | د.إ5.90b |
Total liabilities | د.إ3.19b |
Total assets | د.إ9.09b |
Recent financial health updates
No updates
Recent updates
Al Seer Marine Supplies and Equipment Company PJSC's (ADX:ASM) P/S Still Appears To Be Reasonable
Mar 16Be Wary Of Al Seer Marine Supplies and Equipment Company PJSC (ADX:ASM) And Its Returns On Capital
Oct 24Subdued Growth No Barrier To Al Seer Marine Supplies and Equipment Company PJSC's (ADX:ASM) Price
Jul 11Returns On Capital Signal Tricky Times Ahead For Al Seer Marine Supplies and Equipment Company PJSC (ADX:ASM)
Jun 02Capital Allocation Trends At Al Seer Marine Supplies and Equipment Company PJSC (ADX:ASM) Aren't Ideal
Mar 03Al Seer Marine Supplies & Equipment Company P.J.S.C (ADX:ASM) Is Posting Healthy Earnings, But It Is Not All Good News
Feb 07Financial Position Analysis
Short Term Liabilities: ASM's short term assets (AED704.0M) exceed its short term liabilities (AED367.1M).
Long Term Liabilities: ASM's short term assets (AED704.0M) do not cover its long term liabilities (AED2.8B).
Debt to Equity History and Analysis
Debt Level: ASM's net debt to equity ratio (42.7%) is considered high.
Reducing Debt: ASM's debt to equity ratio has increased from 0% to 46.7% over the past 5 years.
Debt Coverage: ASM's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: ASM's interest payments on its debt are not well covered by EBIT (2.5x coverage).