Ghitha Holding P.J.S.C Balance Sheet Health
Financial Health criteria checks 5/6
Ghitha Holding P.J.S.C has a total shareholder equity of AED6.8B and total debt of AED1.1B, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are AED9.4B and AED2.6B respectively. Ghitha Holding P.J.S.C's EBIT is AED199.2M making its interest coverage ratio 3.8. It has cash and short-term investments of AED702.3M.
Key information
16.5%
Debt to equity ratio
د.إ1.12b
Debt
| Interest coverage ratio | 3.8x |
| Cash | د.إ702.25m |
| Equity | د.إ6.81b |
| Total liabilities | د.إ2.60b |
| Total assets | د.إ9.41b |
Recent financial health updates
No updates
Recent updates
Ghitha Holding P.J.S.C (ADX:GHITHA) Is Posting Healthy Earnings, But It Is Not All Good News
Aug 04
Sentiment Still Eluding Ghitha Holding P.J.S.C (ADX:GHITHA)
Jun 24Ghitha Holding P.J.S.C's (ADX:GHITHA) Soft Earnings Don't Show The Whole Picture
Feb 03Ghitha Holding P.J.S.C's (ADX:GHITHA) Popularity With Investors Is Clear
Jan 03Ghitha Holding P.J.S.C's (ADX:GHITHA) Shares May Have Run Too Fast Too Soon
Mar 21Statutory Earnings May Not Be The Best Way To Understand Ghitha Holding P.J.S.C's (ADX:GHITHA) True Position
Aug 08Ghitha Holding PJSC (ADX:GHITHA) Could Be Struggling To Allocate Capital
Feb 02Financial Position Analysis
Short Term Liabilities: GHITHA's short term assets (AED2.4B) exceed its short term liabilities (AED1.7B).
Long Term Liabilities: GHITHA's short term assets (AED2.4B) exceed its long term liabilities (AED871.9M).
Debt to Equity History and Analysis
Debt Level: GHITHA's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: GHITHA's debt to equity ratio has increased from 4.1% to 16.5% over the past 5 years.
Debt Coverage: GHITHA's debt is well covered by operating cash flow (45.6%).
Interest Coverage: GHITHA's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/04 18:33 |
| End of Day Share Price | 2025/01/03 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
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Analyst Sources
Ghitha Holding P.J.S.C is covered by 0 analysts. 0 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 |
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