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 AED409.4M and total debt of AED997.3M, which brings its debt-to-equity ratio to 243.6%. Its total assets and total liabilities are AED2.1B and AED1.7B respectively. Dubai Taxi Company P.J.S.C's EBIT is AED387.6M making its interest coverage ratio 10.9. It has cash and short-term investments of AED449.0M.
Key information
243.6%
Debt to equity ratio
د.إ997.33m
Debt
| Interest coverage ratio | 10.9x |
| Cash | د.إ448.95m |
| Equity | د.إ409.42m |
| Total liabilities | د.إ1.74b |
| Total assets | د.إ2.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: DTC's short term assets (AED739.2M) exceed its short term liabilities (AED704.8M).
Long Term Liabilities: DTC's short term assets (AED739.2M) do not cover its long term liabilities (AED1.0B).
Debt to Equity History and Analysis
Debt Level: DTC's net debt to equity ratio (133.9%) 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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DTC's interest payments on its debt are well covered by EBIT (10.9x coverage).