RAK Properties PJSC Balance Sheet Health
Financial Health criteria checks 4/6
RAK Properties PJSC has a total shareholder equity of AED4.3B and total debt of AED1.2B, which brings its debt-to-equity ratio to 28.6%. Its total assets and total liabilities are AED6.5B and AED2.2B respectively. RAK Properties PJSC's EBIT is AED230.8M making its interest coverage ratio 4.5. It has cash and short-term investments of AED461.0M.
Key information
28.6%
Debt to equity ratio
د.إ1.23b
Debt
| Interest coverage ratio | 4.5x |
| Cash | د.إ460.95m |
| Equity | د.إ4.30b |
| Total liabilities | د.إ2.15b |
| Total assets | د.إ6.46b |
Recent financial health updates
No updates
Recent updates
RAK Properties PJSC (ADX:RAKPROP) Not Flying Under The Radar
Dec 18
The Consensus EPS Estimates For RAK Properties PJSC (ADX:RAKPROP) Just Fell A Lot
Nov 13Does RAK Properties PJSC (ADX:RAKPROP) Deserve A Spot On Your Watchlist?
Feb 02Key Things To Consider Before Buying RAK Properties PJSC (ADX:RAKPROP) For Its Dividend
Feb 14We're Not So Sure You Should Rely on RAK Properties PJSC's (ADX:RAKPROP) Statutory Earnings
Jan 18Financial Position Analysis
Short Term Liabilities: RAKPROP's short term assets (AED1.1B) exceed its short term liabilities (AED843.4M).
Long Term Liabilities: RAKPROP's short term assets (AED1.1B) do not cover its long term liabilities (AED1.3B).
Debt to Equity History and Analysis
Debt Level: RAKPROP's net debt to equity ratio (17.9%) is considered satisfactory.
Reducing Debt: RAKPROP's debt to equity ratio has increased from 16.9% to 28.6% over the past 5 years.
Debt Coverage: RAKPROP's debt is well covered by operating cash flow (35.4%).
Interest Coverage: RAKPROP's interest payments on its debt are well covered by EBIT (4.5x coverage).