JORDAN STEEL Financial
Trading Information in the Regular Market
| 2021 | 2020 | 2019 | |
|---|---|---|---|
| Par Value/Share (JD) | 1.00 | 1.00 | 1.00 |
| Closing Price (JD) | 0.33 | 0.23 | 0.29 |
| Value Traded (JD) | 23,075,728 | 2,599,760 | 2,998,370 |
| No. of Shares Traded | 65,203,580 | 11,243,132 | 8,626,856 |
| No. of Transactions | 19,386 | 3,324 | 4,609 |
| No. of Subscribed Shares | 35,000,000 | 35,000,000 | 35,000,000 |
| Market Capitalization (JD) | 11,550,000 | 8,050,000 | 10,150,000 |
| Fiscal Year Ended | 31/12/2021 | 31/12/2020 | 31/12/2019 |
Assets (JD)
| 2021 | 2020 | 2019 | |
|---|---|---|---|
| Cash on Hand & at Banks | 80,822 | 57,664 | 61,489 |
| Accounts Receivable, Net | 2,449,842 | 2,263,639 | 1,996,098 |
| Notes Receivable | 0 | 0 | 0 |
| Post Dated Cheques | 2,797,846 | 3,440,398 | 0 |
| Short Term Investments | 0 | 0 | 0 |
| Inventory | 751,278 | 501,680 | 4,399,663 |
| Spare Parts | 5,366,626 | 6,802,066 | 4,978,940 |
| Total Current Assets | 17,702,377 | 20,288,162 | 18,615,623 |
| Long Term Investments | 154,784 | 154,784 | 154,784 |
| Fixed Assets, Net | 41,001,737 | 39,396,876 | 33,413,376 |
| Lands | 0 | 0 | 6,309,272 |
| Projects in Progress | 36,275 | 1,972,413 | 29,575 |
| Total Fixed Assets | 41,038,012 | 41,369,289 | 39,752,223 |
| Other Assets | 497,000 | 1,250,755 | 0 |
| Total Assets | 59,392,173 | 63,062,990 | 58,522,630 |
Liabilities (JD)
| 2021 | 2020 | 2019 | |
|---|---|---|---|
| Accounts and Notes Payable | 8,735,981 | 8,682,663 | 6,822,988 |
| Credit Banks | 4,271,217 | 7,247,422 | 13,699,573 |
| Short Term Loans | 5,086,880 | 2,281,427 | 7,670,246 |
| Current Part of Long Term Loans | 0 | 0 | 0 |
| Total Current Liabilities | 23,154,946 | 24,408,195 | 30,240,801 |
| Long Term Loans & Notes Payable | 14,544,317 | 14,544,317 | 0 |
| Corporate Bonds | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 |
| Total Liabilities | 37,699,263 | 38,952,512 | 30,240,801 |
Income Statement (JD)
| 2021 | 2020 | 2019 | |
|---|---|---|---|
| Operating Revenues | 12,440,580 | 7,384,080 | 15,905,510 |
| Operating Expenses | 14,291,987 | 9,452,763 | 19,138,395 |
| Gross Profit | -1,851,407 | -2,068,683 | -3,232,885 |
| General and Administrative Expenses | 654,508 | 604,914 | 758,701 |
| Selling and Distribution Expenses | 3,350 | 24,481 | 140,379 |
| Depreciation (Period) | 600,992 | 559,689 | 740,565 |
| Other Operating Expenses | 0 | 0 | 307,655 |
| Net Operating Income | -2,509,265 | -2,698,078 | -4,439,620 |
| Other Revenues | 2,876,920 | 482,236 | 167,124 |
| Other Expenses | 791,009 | 13,592 | 248,213 |
| Income Before Interest & Tax | -423,354 | -2,229,434 | -4,520,709 |
| Interest Expenses | 1,994,214 | 1,941,917 | 1,822,642 |
| Net Income Before Tax | -2,417,568 | -4,171,351 | -6,343,351 |
| Income Tax (Period) | 0 | 0 | 0 |
| Income Tax (Previous Years) | 0 | 0 | 0 |
| Universities and Research Train Fees | 0 | 0 | 0 |
| Board of Directors Remuniration | 0 | 0 | 0 |
| Net Income | -2,417,568 | -4,171,351 | -6,343,351 |
| Non-controlling Interest | 0 | 0 | 0 |
| Net Income Pertains to Shareholders | -2,417,568 | -4,171,351 | -6,343,351 |
Cash Flow (JD)
| 2021 | 2020 | 2019 | |
|---|---|---|---|
| Cash Balance (Beginning) | 57,664 | 61,489 | 978,433 |
| Net Cash Flow from (Used in) Operating Activities | 2,457,839 | 812,473 | -1,796,234 |
| Net Cash Flow from (Used in) Investing Activities | -269,715 | -2,176,755 | -418,354 |
| Net Cash Flow from (Used in) Financing Activities | -2,164,966 | 1,360,457 | 1,297,644 |
| Cash Balance (Ending) | 80,822 | 57,664 | 61,489 |
Financial Ratios
| 2021 | 2020 | 2019 | |
|---|---|---|---|
| Turnover Ratio % | 186.296 | 32.123 | 24.648 |
| Earning Per Share (JD) | -0.069 | -0.119 | -0.181 |
| Dividend Per Share (JD) | 0.000 | 0.000 | 0.000 |
| Book Value Per Share (JD) | 0.620 | 0.689 | 0.808 |
| Price Earnings Ratio (Times) | -4.778 | -1.930 | -1.600 |
| Dividend Yield % | 0.000 | 0.000 | 0.000 |
| Dividend Per Share to Earning Per Share % | 0.000 | 0.000 | 0.000 |
| Price to Book Value (Times) | 0.532 | 0.334 | 0.359 |
| Gross Margin % | -14.882 | -28.015 | -20.326 |
| Margin Before Interest and Tax % | -3.403 | -30.192 | -28.422 |
| Profit Margin % | -19.433 | -56.491 | -39.882 |
| Return On Assets % | -4.071 | -6.615 | -10.839 |
| Return On Equity % | -11.145 | -17.301 | -22.429 |
| Debt Ratio % | 63.475 | 61.768 | 51.674 |
| Equity Ratio % | 36.525 | 38.232 | 48.326 |
| Interest Coverage Ratio (Times) | -0.212 | -1.148 | -2.480 |
| Total Assets Turnover (Times) | 0.210 | 0.117 | 0.272 |
| Fixed Assets Turnover (Times) | 0.303 | 0.179 | 0.400 |
| Working Capital Turnover (Times) | -2.282 | -1.792 | -1.368 |
| Current Ratio (Times) | 0.765 | 0.831 | 0.616 |
| Working Capital (JD) | -5,452,569.000 | -4,120,033.000 | -11,625,178.000 |