Al-Rakaez Investment Balance Sheet Health
Financial Health criteria checks 5/6
Al-Rakaez Investment has a total shareholder equity of JOD11.0M and total debt of JOD473.8K, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are JOD12.0M and JOD1.0M respectively. Al-Rakaez Investment's EBIT is JOD140.9K making its interest coverage ratio 3. It has cash and short-term investments of JOD105.3K.
Key information
4.3%
Debt to equity ratio
د.أ473.85k
Debt
Interest coverage ratio | 3x |
Cash | د.أ105.35k |
Equity | د.أ11.00m |
Total liabilities | د.أ1.02m |
Total assets | د.أ12.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RICS's short term assets (JOD508.2K) do not cover its short term liabilities (JOD729.8K).
Long Term Liabilities: RICS's short term assets (JOD508.2K) exceed its long term liabilities (JOD286.1K).
Debt to Equity History and Analysis
Debt Level: RICS's net debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: RICS's debt to equity ratio has reduced from 7.5% to 4.3% over the past 5 years.
Debt Coverage: RICS's debt is well covered by operating cash flow (96.2%).
Interest Coverage: RICS's interest payments on its debt are well covered by EBIT (3x coverage).