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 -0.7. It has cash and short-term investments of AED267.7M.
Key information
0%
Debt to equity ratio
د.إ0
Debt
| Interest coverage ratio | -0.7x |
| 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) Soft Earnings Are Actually Better Than They Appear
Nov 19
Emirates Reem Investments Company P.J.S.C's (DFM:ERC) P/S Is Still On The Mark Following 39% Share Price Bounce
Oct 12There'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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 05:46 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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Industry and Sector Metrics
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Analyst Sources
Emirates Reem Investments Company P.J.S.C is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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