Al - Tajamouat for Touristic Projects, plc.

ASE:TAJM Stock Report

Market Cap: د.أ46.5m

Al - Tajamouat for Touristic Projects Balance Sheet Health

Financial Health criteria checks 6/6

Al - Tajamouat for Touristic Projects has a total shareholder equity of JOD109.3M and total debt of JOD9.4M, which brings its debt-to-equity ratio to 8.6%. Its total assets and total liabilities are JOD127.7M and JOD18.4M respectively. Al - Tajamouat for Touristic Projects's EBIT is JOD3.3M making its interest coverage ratio 3.7. It has cash and short-term investments of JOD6.2M.

Key information


Debt to equity ratio



Interest coverage ratio3.7x
Total liabilitiesد.أ18.38m
Total assetsد.أ127.70m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: TAJM's short term assets (JOD15.6M) exceed its short term liabilities (JOD8.2M).

Long Term Liabilities: TAJM's short term assets (JOD15.6M) exceed its long term liabilities (JOD10.2M).

Debt to Equity History and Analysis

Debt Level: TAJM's net debt to equity ratio (2.9%) is considered satisfactory.

Reducing Debt: TAJM's debt to equity ratio has reduced from 26.8% to 8.6% over the past 5 years.

Debt Coverage: TAJM's debt is well covered by operating cash flow (52.4%).

Interest Coverage: TAJM's interest payments on its debt are well covered by EBIT (3.7x coverage).

Balance Sheet

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