Abu Dhabi National Oil Company for Distribution PJSC Balance Sheet Health
Financial Health criteria checks 4/6
Abu Dhabi National Oil Company for Distribution PJSC has a total shareholder equity of AED2.9B and total debt of AED5.6B, which brings its debt-to-equity ratio to 189.2%. Its total assets and total liabilities are AED19.6B and AED16.7B respectively. Abu Dhabi National Oil Company for Distribution PJSC's EBIT is AED3.1B making its interest coverage ratio 9.4. It has cash and short-term investments of AED3.4B.
Key information
189.2%
Debt to equity ratio
د.إ5.56b
Debt
Interest coverage ratio | 9.4x |
Cash | د.إ3.43b |
Equity | د.إ2.94b |
Total liabilities | د.إ16.67b |
Total assets | د.إ19.61b |
Recent financial health updates
No updates
Recent updates
Abu Dhabi National Oil Company for Distribution PJSC (ADX:ADNOCDIST) May Have Run Too Fast Too Soon With Recent 90% Price Plummet
Nov 18Results: Abu Dhabi National Oil Company for Distribution PJSC Beat Earnings Expectations And Analysts Now Have New Forecasts
Nov 03Returns On Capital Are A Standout For Abu Dhabi National Oil Company for Distribution PJSC (ADX:ADNOCDIST)
Oct 11The Strong Earnings Posted By Abu Dhabi National Oil Company for Distribution PJSC (ADX:ADNOCDIST) Are A Good Indication Of The Strength Of The Business
Aug 16Abu Dhabi National Oil Company for Distribution PJSC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Aug 11There's Reason For Concern Over Abu Dhabi National Oil Company for Distribution PJSC's (ADX:ADNOCDIST) Price
Jul 20Abu Dhabi National Oil Company for Distribution PJSC (ADX:ADNOCDIST) Is Achieving High Returns On Its Capital
Jun 15There May Be Some Bright Spots In Abu Dhabi National Oil Company for Distribution PJSC's (ADX:ADNOCDIST) Earnings
Feb 14Earnings Beat: Abu Dhabi National Oil Company for Distribution PJSC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Feb 10Shareholders Should Be Pleased With Abu Dhabi National Oil Company for Distribution PJSC's (ADX:ADNOCDIST) Price
Jan 26Financial Position Analysis
Short Term Liabilities: ADNOCDIST's short term assets (AED9.5B) exceed its short term liabilities (AED9.2B).
Long Term Liabilities: ADNOCDIST's short term assets (AED9.5B) exceed its long term liabilities (AED7.5B).
Debt to Equity History and Analysis
Debt Level: ADNOCDIST's net debt to equity ratio (72.7%) is considered high.
Reducing Debt: ADNOCDIST's debt to equity ratio has increased from 174% to 189.2% over the past 5 years.
Debt Coverage: ADNOCDIST's debt is well covered by operating cash flow (82.1%).
Interest Coverage: ADNOCDIST's interest payments on its debt are well covered by EBIT (9.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
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Company Analysis | 2024/12/24 05:42 |
End of Day Share Price | 2024/12/24 00:00 |
Earnings | 2024/09/30 |
Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package | Data | Timeframe | Example US Source * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Abu Dhabi National Oil Company for Distribution PJSC is covered by 13 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst | Institution |
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Salma Kharbachi | AlphaMena |
Rita Guindy | Arqaam Capital Research Offshore S.A.L. |
Duaa AlFadda | BofA Global Research |