Northern Cement Balance Sheet Health
Financial Health criteria checks 5/6
Northern Cement has a total shareholder equity of JOD71.7M and total debt of JOD29.3M, which brings its debt-to-equity ratio to 40.9%. Its total assets and total liabilities are JOD107.8M and JOD36.1M respectively.
Key information
40.9%
Debt to equity ratio
د.أ29.32m
Debt
Interest coverage ratio | n/a |
Cash | د.أ6.95m |
Equity | د.أ71.69m |
Total liabilities | د.أ36.14m |
Total assets | د.أ107.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NCCO's short term assets (JOD75.7M) exceed its short term liabilities (JOD6.4M).
Long Term Liabilities: NCCO's short term assets (JOD75.7M) exceed its long term liabilities (JOD29.7M).
Debt to Equity History and Analysis
Debt Level: NCCO's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: NCCO's debt to equity ratio has reduced from 42.8% to 40.9% over the past 5 years.
Debt Coverage: NCCO's debt is well covered by operating cash flow (40.6%).
Interest Coverage: Insufficient data to determine if NCCO's interest payments on its debt are well covered by EBIT.