Easy Lease Motor Cycle Rental P.S.C Balance Sheet Health
Financial Health criteria checks 4/6
Easy Lease Motor Cycle Rental P.S.C has a total shareholder equity of AED208.4M and total debt of AED139.0M, which brings its debt-to-equity ratio to 66.7%. Its total assets and total liabilities are AED458.1M and AED249.7M respectively. Easy Lease Motor Cycle Rental P.S.C's EBIT is AED40.3M making its interest coverage ratio 9.6. It has cash and short-term investments of AED97.4M.
Key information
66.7%
Debt to equity ratio
د.إ139.01m
Debt
| Interest coverage ratio | 9.6x |
| Cash | د.إ97.38m |
| Equity | د.إ208.37m |
| Total liabilities | د.إ249.73m |
| Total assets | د.إ458.10m |
Recent financial health updates
No updates
Recent updates
Easy Lease Motor Cycle Rental P.S.C (ADX:EASYLEASE) Could Be Struggling To Allocate Capital
Apr 24
Why Easy Lease Motor Cycle Rental P.S.C's (ADX:EASYLEASE) Shaky Earnings Are Just The Beginning Of Its Problems
Feb 02Easy Lease Motor Cycle Rental P.S.C (ADX:EASYLEASE) May Have Issues Allocating Its Capital
Oct 26Easy Lease Motor Cycle Rental P.S.C's (ADX:EASYLEASE) Robust Earnings Might Be Weaker Than You Think
Jan 31There Are Reasons To Feel Uneasy About Easy Lease Motor Cycle Rental P.S.C's (ADX:EASYLEASE) Returns On Capital
Jan 16Financial Position Analysis
Short Term Liabilities: EASYLEASE's short term assets (AED213.1M) exceed its short term liabilities (AED123.8M).
Long Term Liabilities: EASYLEASE's short term assets (AED213.1M) exceed its long term liabilities (AED125.9M).
Debt to Equity History and Analysis
Debt Level: EASYLEASE's net debt to equity ratio (20%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if EASYLEASE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: EASYLEASE's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: EASYLEASE's interest payments on its debt are well covered by EBIT (9.6x coverage).