Union Properties Balance Sheet Health
Financial Health criteria checks 2/6
Union Properties has a total shareholder equity of AED2.8B and total debt of AED1.2B, which brings its debt-to-equity ratio to 44.7%. Its total assets and total liabilities are AED4.8B and AED2.0B respectively. Union Properties's EBIT is AED31.1M making its interest coverage ratio 0.3. It has cash and short-term investments of AED79.0M.
Key information
44.7%
Debt to equity ratio
د.إ1.25b
Debt
| Interest coverage ratio | 0.3x |
| Cash | د.إ79.00m |
| Equity | د.إ2.79b |
| Total liabilities | د.إ1.98b |
| Total assets | د.إ4.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: UPP's short term assets (AED1.5B) do not cover its short term liabilities (AED1.7B).
Long Term Liabilities: UPP's short term assets (AED1.5B) exceed its long term liabilities (AED260.5M).
Debt to Equity History and Analysis
Debt Level: UPP's net debt to equity ratio (41.9%) is considered high.
Reducing Debt: UPP's debt to equity ratio has reduced from 60.9% to 44.7% over the past 5 years.
Debt Coverage: UPP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: UPP's interest payments on its debt are not well covered by EBIT (0.3x coverage).