Union Land Development Balance Sheet Health
Financial Health criteria checks 3/6
Union Land Development has a total shareholder equity of JOD47.3M and total debt of JOD12.5M, which brings its debt-to-equity ratio to 26.5%. Its total assets and total liabilities are JOD64.0M and JOD16.7M respectively. Union Land Development's EBIT is JOD2.3M making its interest coverage ratio 1.9. It has cash and short-term investments of JOD750.3K.
Key information
26.5%
Debt to equity ratio
د.أ12.51m
Debt
| Interest coverage ratio | 1.9x |
| Cash | د.أ750.31k |
| Equity | د.أ47.29m |
| Total liabilities | د.أ16.71m |
| Total assets | د.أ64.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ULDC's short term assets (JOD18.0M) exceed its short term liabilities (JOD6.0M).
Long Term Liabilities: ULDC's short term assets (JOD18.0M) exceed its long term liabilities (JOD10.7M).
Debt to Equity History and Analysis
Debt Level: ULDC's net debt to equity ratio (24.9%) is considered satisfactory.
Reducing Debt: ULDC's debt to equity ratio has increased from 7.3% to 26.5% over the past 5 years.
Debt Coverage: ULDC's debt is not well covered by operating cash flow (2.7%).
Interest Coverage: ULDC's interest payments on its debt are not well covered by EBIT (1.9x coverage).