Union Land Development Company PLC

ASE:ULDC Stock Report

Market Cap: د.أ90.9m

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 ratio1.9x
Cashد.أ750.31k
Equityد.أ47.29m
Total liabilitiesد.أ16.71m
Total assetsد.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).


Balance Sheet


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