Dubai Taxi Company P.J.S.C Balance Sheet Health
Financial Health criteria checks 2/6
Dubai Taxi Company P.J.S.C has a total shareholder equity of AED326.4M and total debt of AED997.5M, which brings its debt-to-equity ratio to 305.6%. Its total assets and total liabilities are AED2.1B and AED1.8B respectively. Dubai Taxi Company P.J.S.C's EBIT is AED382.2M making its interest coverage ratio 7.7. It has cash and short-term investments of AED350.8M.
Key information
305.6%
Debt to equity ratio
د.إ997.49m
Debt
| Interest coverage ratio | 7.7x |
| Cash | د.إ350.76m |
| Equity | د.إ326.41m |
| Total liabilities | د.إ1.77b |
| Total assets | د.إ2.10b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: DTC's short term assets (AED611.8M) do not cover its short term liabilities (AED666.5M).
Long Term Liabilities: DTC's short term assets (AED611.8M) do not cover its long term liabilities (AED1.1B).
Debt to Equity History and Analysis
Debt Level: DTC's net debt to equity ratio (198.1%) is considered high.
Reducing Debt: Insufficient data to determine if DTC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DTC's debt is well covered by operating cash flow (30%).
Interest Coverage: DTC's interest payments on its debt are well covered by EBIT (7.7x coverage).