Emirates Driving Company P.J.S.C.

ADX:DRIVE Stock Report

Market Cap: د.إ3.0b

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
Cashد.إ725.63m
Equityد.إ1.29b
Total liabilitiesد.إ303.80m
Total assetsد.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
Emirates Driving Company P.J.S.C's (ADX:DRIVE) Profits May Not Reveal Underlying Issues

We Think You Should Be Aware Of Some Concerning Factors In Emirates Driving Company P.J.S.C's (ADX:DRIVE) Earnings

Feb 08
We Think You Should Be Aware Of Some Concerning Factors In Emirates Driving Company P.J.S.C's (ADX:DRIVE) Earnings

Emirates Driving Company P.J.S.C. (ADX:DRIVE) Soars 61% But It's A Story Of Risk Vs Reward

Dec 18
Emirates Driving Company P.J.S.C. (ADX:DRIVE) Soars 61% But It's A Story Of Risk Vs Reward

The Returns At Emirates Driving Company P.J.S.C (ADX:DRIVE) Aren't Growing

Dec 14
The Returns At Emirates Driving Company P.J.S.C (ADX:DRIVE) Aren't Growing

Investors Met With Slowing Returns on Capital At Emirates Driving Company P.J.S.C (ADX:DRIVE)

Sep 23
Investors Met With Slowing Returns on Capital At Emirates Driving Company P.J.S.C (ADX:DRIVE)

Emirates 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 09
Emirates Driving Company P.J.S.C.'s (ADX:DRIVE) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Is There More To The Story Than Emirates Driving Company P.J.S.C's (ADX:DRIVE) Earnings Growth?

Feb 16
Is There More To The Story Than Emirates Driving Company P.J.S.C's (ADX:DRIVE) Earnings Growth?

Here's What To Make Of Emirates Driving Company P.J.S.C's (ADX:DRIVE) Returns On Capital

Jan 29
Here's What To Make Of Emirates Driving Company P.J.S.C's (ADX:DRIVE) Returns On Capital

Is Emirates Driving Company P.J.S.C. (ADX:DRIVE) The Right Choice For A Smart Dividend Investor?

Jan 12
Is Emirates Driving Company P.J.S.C. (ADX:DRIVE) The Right Choice For A Smart Dividend Investor?

Shareholders Of Emirates Driving Company P.J.S.C (ADX:DRIVE) Must Be Happy With Their 279% Total Return

Dec 22
Shareholders Of Emirates Driving Company P.J.S.C (ADX:DRIVE) Must Be Happy With Their 279% Total Return

Emirates Driving Company P.J.S.C. (ADX:DRIVE) On An Uptrend: Could Fundamentals Be Driving The Stock?

Nov 30
Emirates Driving Company P.J.S.C. (ADX:DRIVE) On An Uptrend: Could Fundamentals Be Driving The Stock?

Emirates Driving Company P.J.S.C (ADX:DRIVE) Is Growing Earnings But Are They A Good Guide?

Jul 10
Emirates Driving Company P.J.S.C (ADX:DRIVE) Is Growing Earnings But Are They A Good Guide?

Financial 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.

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/22 23:44
End of Day Share Price 2025/01/22 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Emirates Driving Company P.J.S.C. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ahmed MoatazEFG-Hermes Research