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 AED332.9M and total debt of AED0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are AED363.2M and AED30.4M respectively. Emirates Reem Investments Company P.J.S.C's EBIT is AED1.2M making its interest coverage ratio -0.1. It has cash and short-term investments of AED267.5M.
Key information
0%
Debt to equity ratio
د.إ0
Debt
| Interest coverage ratio | -0.1x |
| Cash | د.إ267.51m |
| Equity | د.إ332.87m |
| Total liabilities | د.إ30.35m |
| Total assets | د.إ363.22m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ERC's short term assets (AED317.1M) exceed its short term liabilities (AED24.6M).
Long Term Liabilities: ERC's short term assets (AED317.1M) exceed its long term liabilities (AED5.8M).
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 14.1%.
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.