Arabian Steel Pipes Manufacturing Balance Sheet Health
Financial Health criteria checks 5/6
Arabian Steel Pipes Manufacturing has a total shareholder equity of JOD14.7M and total debt of JOD3.4M, which brings its debt-to-equity ratio to 23.1%. Its total assets and total liabilities are JOD19.4M and JOD4.7M respectively. Arabian Steel Pipes Manufacturing's EBIT is JOD1.4M making its interest coverage ratio -153.7. It has cash and short-term investments of JOD3.3M.
Key information
23.1%
Debt to equity ratio
د.أ3.40m
Debt
Interest coverage ratio | -153.7x |
Cash | د.أ3.28m |
Equity | د.أ14.72m |
Total liabilities | د.أ4.68m |
Total assets | د.أ19.41m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASPMM's short term assets (JOD15.3M) exceed its short term liabilities (JOD4.7M).
Long Term Liabilities: ASPMM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ASPMM's net debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: ASPMM's debt to equity ratio has reduced from 30% to 23.1% over the past 5 years.
Debt Coverage: ASPMM's debt is not well covered by operating cash flow (17.8%).
Interest Coverage: ASPMM earns more interest than it pays, so coverage of interest payments is not a concern.