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 AED6.0B and total debt of AED1.2B, which brings its debt-to-equity ratio to 19.6%. Its total assets and total liabilities are AED8.5B and AED2.5B respectively. Ghitha Holding P.J.S.C's EBIT is AED219.7M making its interest coverage ratio 4.6. It has cash and short-term investments of AED630.4M.
Key information
19.6%
Debt to equity ratio
د.إ1.17b
Debt
| Interest coverage ratio | 4.6x |
| Cash | د.إ630.37m |
| Equity | د.إ5.97b |
| Total liabilities | د.إ2.54b |
| Total assets | د.إ8.51b |
Recent financial health updates
No updates
Recent updates
Sentiment Still Eluding Ghitha Holding P.J.S.C (ADX:GHITHA)
Jun 24
Ghitha 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 (AED2.2B) exceed its short term liabilities (AED1.7B).
Long Term Liabilities: GHITHA's short term assets (AED2.2B) exceed its long term liabilities (AED875.6M).
Debt to Equity History and Analysis
Debt Level: GHITHA's net debt to equity ratio (9.1%) is considered satisfactory.
Reducing Debt: GHITHA's debt to equity ratio has increased from 1.4% to 19.6% over the past 5 years.
Debt Coverage: GHITHA's debt is well covered by operating cash flow (63%).
Interest Coverage: GHITHA's interest payments on its debt are well covered by EBIT (4.6x coverage).