Watania International Holding PJSC Balance Sheet Health
Financial Health criteria checks 4/6
Watania International Holding PJSC has a total shareholder equity of AED232.9M and total debt of AED48.9M, which brings its debt-to-equity ratio to 21%. Its total assets and total liabilities are AED1.4B and AED1.2B respectively. Watania International Holding PJSC's EBIT is AED22.3M making its interest coverage ratio 4.3. It has cash and short-term investments of AED811.8M.
Key information
21.0%
Debt to equity ratio
د.إ48.88m
Debt
| Interest coverage ratio | 4.3x |
| Cash | د.إ811.84m |
| Equity | د.إ232.92m |
| Total liabilities | د.إ1.21b |
| Total assets | د.إ1.45b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: WATANIA's short term assets (AED1.3B) exceed its short term liabilities (AED192.6M).
Long Term Liabilities: WATANIA's short term assets (AED1.3B) exceed its long term liabilities (AED1.0B).
Debt to Equity History and Analysis
Debt Level: WATANIA has more cash than its total debt.
Reducing Debt: WATANIA's debt to equity ratio has increased from 0% to 21% over the past 5 years.
Debt Coverage: WATANIA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: WATANIA's interest payments on its debt are well covered by EBIT (4.3x coverage).