National Marine Dredging Company

ADX:NMDC Stock Report

Market Cap: د.إ22.0b

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
Cashد.إ4.78b
Equityد.إ8.60b
Total liabilitiesد.إ12.24b
Total assetsد.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 09
There's Been No Shortage Of Growth Recently For National Marine Dredging's (ADX:NMDC) Returns On Capital

Investors Continue Waiting On Sidelines For National Marine Dredging Company (ADX:NMDC)

Jan 05
Investors Continue Waiting On Sidelines For National Marine Dredging Company (ADX:NMDC)

There's Been No Shortage Of Growth Recently For National Marine Dredging's (ADX:NMDC) Returns On Capital

Oct 26
There's Been No Shortage Of Growth Recently For National Marine Dredging's (ADX:NMDC) Returns On Capital

National Marine Dredging Company's (ADX:NMDC) P/E Is Still On The Mark Following 25% Share Price Bounce

Feb 22
National Marine Dredging Company's (ADX:NMDC) P/E Is Still On The Mark Following 25% Share Price Bounce

National Marine Dredging's (ADX:NMDC) Earnings Are Of Questionable Quality

Jul 24
National Marine Dredging's (ADX:NMDC) Earnings Are Of Questionable Quality

Financial 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.


Balance Sheet


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