National Marine Dredging Balance Sheet Health
Financial Health criteria checks 5/6
National Marine Dredging has a total shareholder equity of AED8.6B and total debt of AED1.4B, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are AED20.8B and AED12.2B respectively. National Marine Dredging's EBIT is AED1.9B making its interest coverage ratio -134.4. It has cash and short-term investments of AED4.8B.
Key information
16.5%
Debt to equity ratio
د.إ1.42b
Debt
Interest coverage ratio | -134.4x |
Cash | د.إ4.78b |
Equity | د.إ8.60b |
Total liabilities | د.إ12.24b |
Total assets | د.إ20.85b |
Recent financial health updates
No updates
Recent updates
There's Been No Shortage Of Growth Recently For National Marine Dredging's (ADX:NMDC) Returns On Capital
Feb 09Investors Continue Waiting On Sidelines For National Marine Dredging Company (ADX:NMDC)
Jan 05There's Been No Shortage Of Growth Recently For National Marine Dredging's (ADX:NMDC) Returns On Capital
Oct 26National Marine Dredging Company's (ADX:NMDC) P/E Is Still On The Mark Following 25% Share Price Bounce
Feb 22National Marine Dredging's (ADX:NMDC) Earnings Are Of Questionable Quality
Jul 24Financial Position Analysis
Short Term Liabilities: NMDC's short term assets (AED14.8B) exceed its short term liabilities (AED10.4B).
Long Term Liabilities: NMDC's short term assets (AED14.8B) exceed its long term liabilities (AED1.8B).
Debt to Equity History and Analysis
Debt Level: NMDC has more cash than its total debt.
Reducing Debt: Insufficient data to determine if NMDC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NMDC's debt is well covered by operating cash flow (202.3%).
Interest Coverage: NMDC earns more interest than it pays, so coverage of interest payments is not a concern.