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).