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 JOD32.2M and total debt of JOD4.7M, which brings its debt-to-equity ratio to 14.5%. Its total assets and total liabilities are JOD59.0M and JOD26.7M respectively. Ready Mix Concrete and Construction Supplies's EBIT is JOD4.9M making its interest coverage ratio 9.3. It has cash and short-term investments of JOD323.3K.
Key information
14.5%
Debt to equity ratio
د.أ4.69m
Debt
Interest coverage ratio | 9.3x |
Cash | د.أ323.34k |
Equity | د.أ32.22m |
Total liabilities | د.أ26.74m |
Total assets | د.أ58.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RMCC's short term assets (JOD18.8M) do not cover its short term liabilities (JOD25.5M).
Long Term Liabilities: RMCC's short term assets (JOD18.8M) exceed its long term liabilities (JOD1.3M).
Debt to Equity History and Analysis
Debt Level: RMCC's net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: RMCC's debt to equity ratio has reduced from 41.5% to 14.5% over the past 5 years.
Debt Coverage: RMCC's debt is well covered by operating cash flow (117.6%).
Interest Coverage: RMCC's interest payments on its debt are well covered by EBIT (9.3x coverage).