Union Properties Balance Sheet Health
Financial Health criteria checks 4/6
Union Properties has a total shareholder equity of AED2.8B and total debt of AED709.3M, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are AED4.1B and AED1.2B respectively. Union Properties's EBIT is AED25.7M making its interest coverage ratio 0.5. It has cash and short-term investments of AED110.6M.
Key information
24.9%
Debt to equity ratio
د.إ709.33m
Debt
| Interest coverage ratio | 0.5x |
| Cash | د.إ110.55m |
| Equity | د.إ2.85b |
| Total liabilities | د.إ1.21b |
| Total assets | د.إ4.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: UPP's short term assets (AED1.1B) exceed its short term liabilities (AED806.9M).
Long Term Liabilities: UPP's short term assets (AED1.1B) exceed its long term liabilities (AED406.7M).
Debt to Equity History and Analysis
Debt Level: UPP's net debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: UPP's debt to equity ratio has reduced from 61.5% to 24.9% 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 (0.5x coverage).