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
8.6%
Debt to equity ratio
د.أ9.36m
Debt
Interest coverage ratio | 3.7x |
Cash | د.أ6.16m |
Equity | د.أ109.32m |
Total liabilities | د.أ18.38m |
Total assets | د.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).