NMDC Group PJSC Balance Sheet Health
Financial Health criteria checks 4/6
NMDC Group PJSC has a total shareholder equity of AED9.3B and total debt of AED3.2B, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are AED28.5B and AED19.2B respectively. NMDC Group PJSC's EBIT is AED2.8B making its interest coverage ratio 79.7. It has cash and short-term investments of AED3.8B.
Key information
34.2%
Debt to equity ratio
د.إ3.19b
Debt
| Interest coverage ratio | 79.7x |
| Cash | د.إ3.84b |
| Equity | د.إ9.33b |
| Total liabilities | د.إ19.17b |
| Total assets | د.إ28.50b |
Recent financial health updates
No updates
Recent updates
Investors Aren't Entirely Convinced By National Marine Dredging Company's (ADX:NMDC) Earnings
Jul 01
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 (AED21.5B) exceed its short term liabilities (AED17.4B).
Long Term Liabilities: NMDC's short term assets (AED21.5B) 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 not well covered by operating cash flow (13.7%).
Interest Coverage: NMDC's interest payments on its debt are well covered by EBIT (79.7x coverage).