Irbid District Electricity Balance Sheet Health
Financial Health criteria checks 2/6
Irbid District Electricity has a total shareholder equity of JOD36.4M and total debt of JOD85.9M, which brings its debt-to-equity ratio to 235.9%. Its total assets and total liabilities are JOD446.3M and JOD409.9M respectively. Irbid District Electricity's EBIT is JOD1.3M making its interest coverage ratio 2.2. It has cash and short-term investments of JOD37.5M.
Key information
235.9%
Debt to equity ratio
د.أ85.86m
Debt
| Interest coverage ratio | 2.2x |
| Cash | د.أ37.51m |
| Equity | د.أ36.40m |
| Total liabilities | د.أ409.87m |
| Total assets | د.أ446.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IREL's short term assets (JOD162.7M) do not cover its short term liabilities (JOD214.8M).
Long Term Liabilities: IREL's short term assets (JOD162.7M) do not cover its long term liabilities (JOD195.0M).
Debt to Equity History and Analysis
Debt Level: IREL's net debt to equity ratio (132.8%) is considered high.
Reducing Debt: IREL's debt to equity ratio has reduced from 306.4% to 235.9% over the past 5 years.
Debt Coverage: IREL's debt is well covered by operating cash flow (41%).
Interest Coverage: IREL's interest payments on its debt are not well covered by EBIT (2.2x coverage).