United Docks Balance Sheet Health
Financial Health criteria checks 1/6
United Docks has a total shareholder equity of MUR3.7B and total debt of MUR1.5B, which brings its debt-to-equity ratio to 40.9%. Its total assets and total liabilities are MUR5.2B and MUR1.6B respectively. United Docks's EBIT is MUR98.7M making its interest coverage ratio 3. It has cash and short-term investments of MUR31.2M.
Key information
40.9%
Debt to equity ratio
MU₨1.50b
Debt
| Interest coverage ratio | 3x |
| Cash | MU₨31.25m |
| Equity | MU₨3.68b |
| Total liabilities | MU₨1.57b |
| Total assets | MU₨5.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UTDL.N0000's short term assets (MUR229.1M) exceed its short term liabilities (MUR67.6M).
Long Term Liabilities: UTDL.N0000's short term assets (MUR229.1M) do not cover its long term liabilities (MUR1.5B).
Debt to Equity History and Analysis
Debt Level: UTDL.N0000's net debt to equity ratio (40%) is considered high.
Reducing Debt: UTDL.N0000's debt to equity ratio has increased from 10.9% to 40.9% over the past 5 years.
Debt Coverage: UTDL.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: UTDL.N0000's interest payments on its debt are not well covered by EBIT (3x coverage).