Ready Mix Concrete and Construction Supplies Balance Sheet Health
Financial Health criteria checks 5/6
Ready Mix Concrete and Construction Supplies has a total shareholder equity of JOD33.5M and total debt of JOD3.9M, which brings its debt-to-equity ratio to 11.6%. Its total assets and total liabilities are JOD61.1M and JOD27.6M respectively. Ready Mix Concrete and Construction Supplies's EBIT is JOD5.3M making its interest coverage ratio 13.7. It has cash and short-term investments of JOD662.7K.
Key information
11.6%
Debt to equity ratio
د.أ3.88m
Debt
| Interest coverage ratio | 13.7x |
| Cash | د.أ662.71k |
| Equity | د.أ33.53m |
| Total liabilities | د.أ27.59m |
| Total assets | د.أ61.13m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RMCC's short term assets (JOD20.9M) do not cover its short term liabilities (JOD26.0M).
Long Term Liabilities: RMCC's short term assets (JOD20.9M) exceed its long term liabilities (JOD1.6M).
Debt to Equity History and Analysis
Debt Level: RMCC's net debt to equity ratio (9.6%) is considered satisfactory.
Reducing Debt: RMCC's debt to equity ratio has reduced from 41.3% to 11.6% over the past 5 years.
Debt Coverage: RMCC's debt is well covered by operating cash flow (160.1%).
Interest Coverage: RMCC's interest payments on its debt are well covered by EBIT (13.7x coverage).