Manazel PJSC Balance Sheet Health
Financial Health criteria checks 3/6
Manazel PJSC has a total shareholder equity of AED2.9B and total debt of AED1.4B, which brings its debt-to-equity ratio to 49.3%. Its total assets and total liabilities are AED5.3B and AED2.4B respectively.
Key information
49.3%
Debt to equity ratio
د.إ1.44b
Debt
Interest coverage ratio | n/a |
Cash | د.إ8.59m |
Equity | د.إ2.93b |
Total liabilities | د.إ2.35b |
Total assets | د.إ5.28b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MANAZEL's short term assets (AED1.8B) exceed its short term liabilities (AED1.5B).
Long Term Liabilities: MANAZEL's short term assets (AED1.8B) exceed its long term liabilities (AED893.8M).
Debt to Equity History and Analysis
Debt Level: MANAZEL's net debt to equity ratio (49%) is considered high.
Reducing Debt: MANAZEL's debt to equity ratio has reduced from 50.9% to 49.3% over the past 5 years.
Debt Coverage: MANAZEL's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: Insufficient data to determine if MANAZEL's interest payments on its debt are well covered by EBIT.