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 AED459.9M and total debt of AED1.1B, which brings its debt-to-equity ratio to 238.7%. Its total assets and total liabilities are AED2.2B and AED1.7B respectively. Parkin Company P.J.S.C's EBIT is AED452.1M making its interest coverage ratio 16.6. It has cash and short-term investments of AED257.1M.
Key information
238.7%
Debt to equity ratio
د.إ1.10b
Debt
| Interest coverage ratio | 16.6x |
| Cash | د.إ257.10m |
| Equity | د.إ459.86m |
| Total liabilities | د.إ1.71b |
| Total assets | د.إ2.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PARKIN's short term assets (AED716.1M) exceed its short term liabilities (AED552.8M).
Long Term Liabilities: PARKIN's short term assets (AED716.1M) do not cover its long term liabilities (AED1.2B).
Debt to Equity History and Analysis
Debt Level: PARKIN's net debt to equity ratio (182.7%) 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 (39.8%).
Interest Coverage: PARKIN's interest payments on its debt are well covered by EBIT (16.6x coverage).