Al Quds Readymix Balance Sheet Health
Financial Health criteria checks 4/6
Al Quds Readymix has a total shareholder equity of JOD8.9M and total debt of JOD3.0M, which brings its debt-to-equity ratio to 33%. Its total assets and total liabilities are JOD16.5M and JOD7.6M respectively. Al Quds Readymix's EBIT is JOD1.5M making its interest coverage ratio 4.3. It has cash and short-term investments of JOD118.0K.
Key information
33.0%
Debt to equity ratio
د.أ2.95m
Debt
Interest coverage ratio | 4.3x |
Cash | د.أ118.02k |
Equity | د.أ8.94m |
Total liabilities | د.أ7.56m |
Total assets | د.أ16.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AQRM's short term assets (JOD6.4M) do not cover its short term liabilities (JOD7.3M).
Long Term Liabilities: AQRM's short term assets (JOD6.4M) exceed its long term liabilities (JOD223.5K).
Debt to Equity History and Analysis
Debt Level: AQRM's net debt to equity ratio (31.7%) is considered satisfactory.
Reducing Debt: AQRM's debt to equity ratio has increased from 7.2% to 33% over the past 5 years.
Debt Coverage: AQRM's debt is well covered by operating cash flow (33%).
Interest Coverage: AQRM's interest payments on its debt are well covered by EBIT (4.3x coverage).