Irbid District Electricity Balance Sheet Health
Financial Health criteria checks 3/6
Irbid District Electricity has a total shareholder equity of JOD38.6M and total debt of JOD82.3M, which brings its debt-to-equity ratio to 213.3%. Its total assets and total liabilities are JOD404.9M and JOD366.3M respectively. Irbid District Electricity's EBIT is JOD7.6M making its interest coverage ratio 10.7. It has cash and short-term investments of JOD35.9M.
Key information
213.3%
Debt to equity ratio
د.أ82.28m
Debt
| Interest coverage ratio | 10.7x |
| Cash | د.أ35.93m |
| Equity | د.أ38.57m |
| Total liabilities | د.أ366.35m |
| Total assets | د.أ404.92m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IREL's short term assets (JOD136.6M) do not cover its short term liabilities (JOD174.8M).
Long Term Liabilities: IREL's short term assets (JOD136.6M) do not cover its long term liabilities (JOD191.5M).
Debt to Equity History and Analysis
Debt Level: IREL's net debt to equity ratio (120.2%) is considered high.
Reducing Debt: IREL's debt to equity ratio has reduced from 319.9% to 213.3% over the past 5 years.
Debt Coverage: IREL's debt is well covered by operating cash flow (38.6%).
Interest Coverage: IREL's interest payments on its debt are well covered by EBIT (10.7x coverage).