Shira Real Estate Development and Investments Company(P.L.C) Balance Sheet Health
Financial Health criteria checks 2/6
Shira Real Estate Development and Investments Company(P.L.C) has a total shareholder equity of JOD44.1M and total debt of JOD15.4M, which brings its debt-to-equity ratio to 34.9%. Its total assets and total liabilities are JOD74.5M and JOD30.4M respectively. Shira Real Estate Development and Investments Company(P.L.C)'s EBIT is JOD657.9K making its interest coverage ratio 0.4. It has cash and short-term investments of JOD106.3K.
Key information
34.9%
Debt to equity ratio
د. أ15.43m
Debt
Interest coverage ratio | 0.4x |
Cash | د.أ106.29k |
Equity | د.أ44.14m |
Total liabilities | د.أ30.35m |
Total assets | د.أ74.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHRA's short term assets (JOD12.6M) exceed its short term liabilities (JOD11.6M).
Long Term Liabilities: SHRA's short term assets (JOD12.6M) do not cover its long term liabilities (JOD18.7M).
Debt to Equity History and Analysis
Debt Level: SHRA's net debt to equity ratio (34.7%) is considered satisfactory.
Reducing Debt: SHRA's debt to equity ratio has increased from 15.7% to 34.9% over the past 5 years.
Debt Coverage: SHRA's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: SHRA's interest payments on its debt are not well covered by EBIT (0.4x coverage).