First Dubai Real Estate Development Company - K.S.C. (Public) Balance Sheet Health
Financial Health criteria checks 3/6
First Dubai Real Estate Development Company - K.S.C. (Public) has a total shareholder equity of KWD77.5M and total debt of KWD4.1M, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are KWD88.1M and KWD10.6M respectively. First Dubai Real Estate Development Company - K.S.C. (Public)'s EBIT is KWD811.5K making its interest coverage ratio 2.7. It has cash and short-term investments of KWD6.1M.
Key information
5.2%
Debt to equity ratio
د.ك4.06m
Debt
| Interest coverage ratio | 2.7x |
| Cash | د.ك6.05m |
| Equity | د.ك77.47m |
| Total liabilities | د.ك10.61m |
| Total assets | د.ك88.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FIRSTDUBAI's short term assets (KWD14.5M) exceed its short term liabilities (KWD6.4M).
Long Term Liabilities: FIRSTDUBAI's short term assets (KWD14.5M) exceed its long term liabilities (KWD4.2M).
Debt to Equity History and Analysis
Debt Level: FIRSTDUBAI has more cash than its total debt.
Reducing Debt: FIRSTDUBAI's debt to equity ratio has increased from 0% to 5.2% over the past 5 years.
Debt Coverage: FIRSTDUBAI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FIRSTDUBAI's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/03/21 13:33 |
| End of Day Share Price | 2024/03/21 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
First Dubai Real Estate Development Company - K.S.C. (Public) is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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