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 JOD110.7M and total debt of JOD7.0M, which brings its debt-to-equity ratio to 6.4%. Its total assets and total liabilities are JOD125.0M and JOD14.2M respectively. Al - Tajamouat for Touristic Projects's EBIT is JOD3.1M making its interest coverage ratio 4.5. It has cash and short-term investments of JOD7.4M.
Key information
6.4%
Debt to equity ratio
د.أ7.03m
Debt
| Interest coverage ratio | 4.5x |
| Cash | د.أ7.35m |
| Equity | د.أ110.75m |
| Total liabilities | د.أ14.23m |
| Total assets | د.أ124.97m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TAJM's short term assets (JOD14.5M) exceed its short term liabilities (JOD6.4M).
Long Term Liabilities: TAJM's short term assets (JOD14.5M) exceed its long term liabilities (JOD7.8M).
Debt to Equity History and Analysis
Debt Level: TAJM has more cash than its total debt.
Reducing Debt: TAJM's debt to equity ratio has reduced from 23.9% to 6.4% over the past 5 years.
Debt Coverage: TAJM's debt is well covered by operating cash flow (83.1%).
Interest Coverage: TAJM's interest payments on its debt are well covered by EBIT (4.5x coverage).