Sharjah Cement and Industrial Development (PJSC) Balance Sheet Health
Financial Health criteria checks 3/6
Sharjah Cement and Industrial Development (PJSC) has a total shareholder equity of AED1.3B and total debt of AED462.5M, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are AED1.9B and AED635.2M respectively. Sharjah Cement and Industrial Development (PJSC)'s EBIT is AED19.6M making its interest coverage ratio 1.4. It has cash and short-term investments of AED55.4M.
Key information
35.6%
Debt to equity ratio
د.إ462.54m
Debt
Interest coverage ratio | 1.4x |
Cash | د.إ55.42m |
Equity | د.إ1.30b |
Total liabilities | د.إ635.20m |
Total assets | د.إ1.93b |
Recent financial health updates
No updates
Recent updates
Not Many Are Piling Into Sharjah Cement and Industrial Development Co. (PJSC) (ADX:SCIDC) Just Yet
Jun 06Solid Earnings May Not Tell The Whole Story For Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC)
Mar 29Returns On Capital Are Showing Encouraging Signs At Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC)
Feb 21Market Still Lacking Some Conviction On Sharjah Cement and Industrial Development Co. (PJSC) (ADX:SCIDC)
Jan 16Sharjah Cement and Industrial Development Co. (PJSC)'s (ADX:SCIDC) Shares Lagging The Industry But So Is The Business
Apr 19Financial Position Analysis
Short Term Liabilities: SCIDC's short term assets (AED674.7M) exceed its short term liabilities (AED478.9M).
Long Term Liabilities: SCIDC's short term assets (AED674.7M) exceed its long term liabilities (AED156.3M).
Debt to Equity History and Analysis
Debt Level: SCIDC's net debt to equity ratio (31.3%) is considered satisfactory.
Reducing Debt: SCIDC's debt to equity ratio has increased from 33.2% to 35.6% over the past 5 years.
Debt Coverage: SCIDC's debt is not well covered by operating cash flow (2%).
Interest Coverage: SCIDC's interest payments on its debt are not well covered by EBIT (1.4x coverage).