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JORDAN STEEL Financial

Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.42 0.53 0.35
Value Traded (JD) 6,318,978 32,814,655 9,576,607
No. of Shares Traded 12,568,814 61,589,879 20,937,206
No. of Transactions 6,626 23,363 10,900
No. of Subscribed Shares 35,000,000 35,000,000 35,000,000
Market Capitalization (JD) 14,700,000 18,550,000 12,250,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Cash on Hand & at Banks 974,493 184,131 775,249
Notes Receivable 0 0 0
Post Dated Cheques 1,128,735 3,352,276 197,677
Short Term Investments 0 0 0
Inventory 4,744,932 6,092,885 17,231,182
Spare Parts 5,186,053 4,893,616 0
Total Current Assets 21,653,656 23,187,679 26,584,726
Long Term Investments 0 0 0
Fixed Assets, Net 40,074,434 40,430,915 39,329,798
Lands 154,784 934,131 934,131
Projects in Progress 0 0 0
Total Fixed Assets 40,229,218 41,365,046 40,263,929
Other Assets 132,817 102,000 0
Total Assets 62,015,691 64,654,725 66,848,655

Liabilities (JD)

2018 2017 2016
Credit Banks 20,067,507 16,510,400 15,320,826
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 27,390,511 26,161,543 26,934,781
Long Term Loans & Notes Payable 0 0 0
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 27,390,511 26,161,543 26,934,781

Shareholders Equity (JD)

2018 2017 2016
Authorized Capital 35,000,000 35,000,000 35,000,000
Subscribed Capital 35,000,000 35,000,000 35,000,000
Paid in Capital 35,000,000 35,000,000 35,000,000
Compulsory Reserves 6,075,043 6,075,043 6,088,720
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 1,509,320 1,509,320 1,509,320
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value 0 0 0
Retained Earnings -7,959,183 -4,091,181 -2,684,166
Total Shareholders Equity 34,625,180 38,493,182 39,913,874
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 62,015,691 64,654,725 66,848,655

Income Statement (JD)

2018 2017 2016
Operating Revenues 38,717,873 31,516,359 38,103,433
Operating Expenses 38,646,145 31,396,728 35,998,607
Gross Profit 71,728 119,631 2,104,826
General and Administrative Expenses 835,398 917,507 1,278,351
Selling and Distribution Expenses 158,449 61,400 84,677
Depreciation (Period) 1,287,011 575,048 1,026,282
Other Operating Expenses 0 0 30,000
Net Operating Income -922,119 -859,276 711,798
Other Revenues 331,149 539,189 481,969
Other Expenses 6,407 0 692,211
Income Before Interest & Tax -597,377 -320,087 501,556
Interest Expenses 1,348,950 1,066,421 714,616
Net Income Before Tax -1,946,327 -1,386,508 -213,060
Income Tax (Period) 0 34,184 84,170
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -1,946,327 -1,420,692 -297,230
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -1,946,327 -1,420,692 -297,230

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 184,131 775,249 974,046
Net Cash Flow from (Used in) Operating Activities -715,068 3,010,307 4,199,562
Net Cash Flow from (Used in) Investing Activities -3,485 -552,774 -765,534
Net Cash Flow from (Used in) Financing Activities 1,508,915 -3,048,651 -3,632,825
Cash Balance (Ending) 974,493 184,131 775,249

Financial Ratios

2018 2017 2016
Turnover Ratio % 35.91 175.97 59.82
Earning Per Share (JD) -0.06 -0.04 -0.01
Dividend Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.99 1.10 1.14
Price Earnings Ratio (Times) -7.55 -13.06 -41.21
Dividend Yield % 0.00 0.00 0.00
Dividend Per Share to Earning Per Share % 0.00 0.00 0.00
Price to Book Value (Times) 0.42 0.48 0.31
Gross Margin % 0.19 0.38 5.52
Margin Before Interest and Tax % -1.54 -1.02 1.32
Profit Margin % -5.03 -4.51 -0.78
Return On Assets % -3.14 -2.20 -0.44
Return On Equity % -5.62 -3.69 -0.74
Debt Ratio % 44.17 40.46 40.29
Equity Ratio % 55.83 59.54 59.71
Interest Coverage Ratio (Times) -0.44 -0.30 0.70
Total Assets Turnover (Times) 0.62 0.49 0.57
Fixed Assets Turnover (Times) 0.96 0.76 0.95
Working Capital Turnover (Times) -6.75 -10.60 -108.85
Current Ratio (Times) 0.79 0.89 0.99
Working Capital (JD) -5,736,855.00 -2,973,864.00 -350,055.00