Parkin Company P.J.S.C Balance Sheet Health
Financial Health criteria checks 3/6
Parkin Company P.J.S.C has a total shareholder equity of AED568.3M and total debt of AED1.1B, which brings its debt-to-equity ratio to 193.1%. Its total assets and total liabilities are AED2.2B and AED1.7B respectively. Parkin Company P.J.S.C's EBIT is AED481.8M making its interest coverage ratio 11.6. It has cash and short-term investments of AED468.7M.
Key information
193.1%
Debt to equity ratio
د.إ1.10b
Debt
| Interest coverage ratio | 11.6x |
| Cash | د.إ468.69m |
| Equity | د.إ568.29m |
| Total liabilities | د.إ1.68b |
| Total assets | د.إ2.25b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PARKIN's short term assets (AED801.1M) exceed its short term liabilities (AED528.3M).
Long Term Liabilities: PARKIN's short term assets (AED801.1M) do not cover its long term liabilities (AED1.2B).
Debt to Equity History and Analysis
Debt Level: PARKIN's net debt to equity ratio (110.7%) is considered high.
Reducing Debt: Insufficient data to determine if PARKIN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PARKIN's debt is well covered by operating cash flow (45.9%).
Interest Coverage: PARKIN's interest payments on its debt are well covered by EBIT (11.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 11:42 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Parkin Company P.J.S.C. is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ali Afifi | Arqaam Capital Research Offshore S.A.L. |
| Ilya Ogorodnikov | BofA Global Research |
| Mai Attia | EFG-Hermes Research |