Emirates Driving Company P.J.S.C Balance Sheet Health
Financial Health criteria checks 6/6
Emirates Driving Company P.J.S.C has a total shareholder equity of AED1.3B and total debt of AED0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are AED1.6B and AED303.8M respectively. Emirates Driving Company P.J.S.C's EBIT is AED230.0M making its interest coverage ratio -7.2. It has cash and short-term investments of AED725.6M.
Key information
0%
Debt to equity ratio
د.إ0
Debt
| Interest coverage ratio | -7.2x |
| Cash | د.إ725.63m |
| Equity | د.إ1.29b |
| Total liabilities | د.إ303.80m |
| Total assets | د.إ1.59b |
Recent financial health updates
No updates
Recent updates
Emirates Driving Company P.J.S.C's (ADX:DRIVE) Profits May Not Reveal Underlying Issues
Nov 02
We Think You Should Be Aware Of Some Concerning Factors In Emirates Driving Company P.J.S.C's (ADX:DRIVE) Earnings
Feb 08Emirates Driving Company P.J.S.C. (ADX:DRIVE) Soars 61% But It's A Story Of Risk Vs Reward
Dec 18The Returns At Emirates Driving Company P.J.S.C (ADX:DRIVE) Aren't Growing
Dec 14Investors Met With Slowing Returns on Capital At Emirates Driving Company P.J.S.C (ADX:DRIVE)
Sep 23Emirates Driving Company P.J.S.C.'s (ADX:DRIVE) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Mar 09Is There More To The Story Than Emirates Driving Company P.J.S.C's (ADX:DRIVE) Earnings Growth?
Feb 16Here's What To Make Of Emirates Driving Company P.J.S.C's (ADX:DRIVE) Returns On Capital
Jan 29
Is Emirates Driving Company P.J.S.C. (ADX:DRIVE) The Right Choice For A Smart Dividend Investor?
Jan 12Shareholders Of Emirates Driving Company P.J.S.C (ADX:DRIVE) Must Be Happy With Their 279% Total Return
Dec 22Emirates Driving Company P.J.S.C. (ADX:DRIVE) On An Uptrend: Could Fundamentals Be Driving The Stock?
Nov 30Emirates Driving Company P.J.S.C (ADX:DRIVE) Is Growing Earnings But Are They A Good Guide?
Jul 10Financial Position Analysis
Short Term Liabilities: DRIVE's short term assets (AED768.8M) exceed its short term liabilities (AED148.1M).
Long Term Liabilities: DRIVE's short term assets (AED768.8M) exceed its long term liabilities (AED155.7M).
Debt to Equity History and Analysis
Debt Level: DRIVE is debt free.
Reducing Debt: DRIVE has not had any debt for past 5 years.
Debt Coverage: DRIVE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DRIVE has no debt, therefore coverage of interest payments is not a concern.