R.A.K. Ceramics P.J.S.C Balance Sheet Health
Financial Health criteria checks 4/6
R.A.K. Ceramics P.J.S.C has a total shareholder equity of AED2.4B and total debt of AED1.6B, which brings its debt-to-equity ratio to 66.1%. Its total assets and total liabilities are AED5.4B and AED3.0B respectively. R.A.K. Ceramics P.J.S.C's EBIT is AED457.7M making its interest coverage ratio 4.3. It has cash and short-term investments of AED311.5M.
Key information
66.1%
Debt to equity ratio
د.إ1.56b
Debt
Interest coverage ratio | 4.3x |
Cash | د.إ311.54m |
Equity | د.إ2.37b |
Total liabilities | د.إ2.99b |
Total assets | د.إ5.36b |
Recent financial health updates
No updates
Recent updates
Returns At R.A.K. Ceramics P.J.S.C (ADX:RAKCEC) Are On The Way Up
Jan 31R.A.K. Ceramics P.J.S.C (ADX:RAKCEC) Has Announced A Dividend Of AED0.10
Feb 13R.A.K. Ceramics P.J.S.C's (ADX:RAKCEC) Conservative Accounting Might Explain Soft Earnings
Aug 10R.A.K. Ceramics P.J.S.C. (ADX:RAKCEC) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates
Aug 06Returns On Capital At R.A.K. Ceramics P.J.S.C (ADX:RAKCEC) Paint A Concerning Picture
Jun 15Are Dividend Investors Getting More Than They Bargained For With R.A.K. Ceramics P.J.S.C.'s (ADX:RAKCEC) Dividend?
Mar 25How Well Is R.A.K. Ceramics P.J.S.C (ADX:RAKCEC) Allocating Its Capital?
Feb 10R.A.K. Ceramics P.J.S.C (ADX:RAKCEC) Long Term Shareholders are 2.8% In The Black
Jan 15Does R.A.K. Ceramics P.J.S.C. (ADX:RAKCEC) Have A Place In Your Dividend Stock Portfolio?
Dec 16R.A.K. Ceramics P.J.S.C (ADX:RAKCEC) Has Returned Negative 24% To Its Shareholders In The Past Five Years
Aug 19Here's What To Make Of R.A.K. Ceramics P.J.S.C's (ADX:RAKCEC) Returns On Capital
Jul 15Financial Position Analysis
Short Term Liabilities: RAKCEC's short term assets (AED2.8B) exceed its short term liabilities (AED1.9B).
Long Term Liabilities: RAKCEC's short term assets (AED2.8B) exceed its long term liabilities (AED1.1B).
Debt to Equity History and Analysis
Debt Level: RAKCEC's net debt to equity ratio (52.9%) is considered high.
Reducing Debt: RAKCEC's debt to equity ratio has increased from 64.6% to 66.1% over the past 5 years.
Debt Coverage: RAKCEC's debt is well covered by operating cash flow (32.4%).
Interest Coverage: RAKCEC's interest payments on its debt are well covered by EBIT (4.3x coverage).