Emirates Reem Investments Company P.J.S.C Balance Sheet Health
Financial Health criteria checks 6/6
Emirates Reem Investments Company P.J.S.C has a total shareholder equity of AED339.6M and total debt of AED0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are AED381.7M and AED42.1M respectively. Emirates Reem Investments Company P.J.S.C's EBIT is AED8.0M making its interest coverage ratio -2.9. It has cash and short-term investments of AED267.7M.
Key information
0%
Debt to equity ratio
د.إ0
Debt
| Interest coverage ratio | -2.9x |
| Cash | د.إ267.68m |
| Equity | د.إ339.60m |
| Total liabilities | د.إ42.11m |
| Total assets | د.إ381.71m |
Recent financial health updates
No updates
Recent updates
Emirates Reem Investments Company P.J.S.C's (DFM:ERC) P/S Is Still On The Mark Following 39% Share Price Bounce
Oct 12
There's Reason For Concern Over Emirates Refreshments (P.S.C.)'s (DFM:ERC) Price
Jul 04Emirates Refreshments (P.S.C.) (DFM:ERC) Is Posting Healthy Earnings, But It Is Not All Good News
Nov 20Financial Position Analysis
Short Term Liabilities: ERC's short term assets (AED339.1M) exceed its short term liabilities (AED37.0M).
Long Term Liabilities: ERC's short term assets (AED339.1M) exceed its long term liabilities (AED5.1M).
Debt to Equity History and Analysis
Debt Level: ERC is debt free.
Reducing Debt: ERC has no debt compared to 5 years ago when its debt to equity ratio was 26.1%.
Debt Coverage: ERC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ERC has no debt, therefore coverage of interest payments is not a concern.