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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
Air Arabia PJSC (العربية للطيران ش.م.ع. )
Main Activities: Air Transportation
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Company Information |
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Full name Air Arabia PJSC (العربية للطيران ش.م.ع. ) Legal Address Po Box 132 Sharjah UAE; Dubai; Northern Emirates |
Status: Listed Operational Status: Operational Financial Auditors: Deloitte Touche Tohmatsu (2012) Incorporation Date: March 3, 2003 Total Employees: 1,000 Tel: 00971-6-5088977 |
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Company Description |
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Air Arabia Company based in Sharjah, is the first company in the Middle East region specialized in the field of economic flight. It was founded as a limited liability company in 2003. In 2007, it changed the legal form to transform the company into a Public joint stock company. The company began flights in 2003 to five different destinations Beirut, Bahrain, Damascus, Kuwait and Muscat. Now, The fleet is able to reach more than 34 destinations around the world. |
Company Analysis |
| According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues increased with 17.03%, from AED 2,080,313 thousands to AED 2,434,660 thousands. The results of the period decreased -11.53% reaching AED 273,853 thousands at the end of the period against AED 309,559 thousands last year. Return on equity (Net income/Total equity) went from 5.76% to 5.22%, the Return On Asset (Net income / Total Asset) went from 4.86% to 3.85% and the Net Profit Margin (Net Income/Net Sales) went from 14.88% to 11.25% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 35.52% compared to 18.47% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 3.37 to 2.11 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (cons) |
2011 Y (cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
8,044,945 |
7,114,214 |
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Current Assets |
1,872,112 |
1,872,521 |
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Total Liabilities |
2,604,302 |
1,864,777 |
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Shareholders Equity |
5,440,643 |
5,249,437 |
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Current Liabilities |
1,251,569 |
887,915 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
2,942,428 |
2,434,660 |
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Net Profit (Loss) |
424,810 |
273,853 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
5.28% |
3.85% |
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Annualised Return on Assets (ROA) |
5.28% |
3.85% |
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Return on Equity (ROE) |
7.81% |
5.22% |
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Annualised Return on Equity (ROE) |
8.09% |
5.09% |
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Return on Sales (ROS) |
14.44% |
11.25% |
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Gross Profit Margin |
182.19% |
186.46% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
6.15x |
5.85x |
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Inventory Turnover |
254.29x |
267.78x |
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Current asset turnover |
1.57x |
1.30x |
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Fixed-asset turnover |
0.48x |
0.46x |
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Asset Turnover |
0.37x |
0.34x |
| Valuation figures and ratios | ||
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Enterprise value |
5,135,688 |
3,229,610 |
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Bookvalue (BV) |
5,440,643 |
5,249,437 |
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Net Cash |
-1,274,550 |
-519,877 |
| Liquidity Ratios | ||
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Current Ratio |
149.58% |
210.89% |
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Quick ratio |
148.66% |
209.87% |
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Doom's day ratio |
106.25% |
151.47% |
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Cash Flow to Debt |
35.1% |
11.95% |
| Leverage Ratios | ||
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Leverage ratio |
147.87% |
135.52% |
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Debt to equity |
47.87% |
35.52% |
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Debt to total assets |
32.37% |
26.21% |
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Long Term Debt to Capital |
19.91% |
15.69% |
| Market ratios | ||
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Market Cap / Net cash |
-3.03 |
-5.21 |
| Trend Ratios | ||
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Revenue Trend |
120.86% |
117.03% |
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Net Income Trend |
155.12% |
88.47% |
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