Financial Ratios

Overall. The financial position of Emirates is not well. Its profitability took a hit in 2020-2021 by
68.87%.Moroever, the return on assets(ROA) was down by around 14%.The company had a slightly
better position with regards to its liquidity, as current ratio was up 7% but this was not because cash and
short term investments rose, as they fell by 40%.This was due to a large portion(30%) of current liabilities
being paid off. The company took more debt in the year 2021 than 2020 and had trouble in paying off its
debt as interest coverage ratio declined by 329%.Lastly, the company was inefficient in managing its
assets in the year 2020-2021 as asset turnover ratio declined by 34%.

2020 2021 % Change

Net Margin 1.58% -67.3% -68.87%
-
13.36
Profitability ROA 0.61% % -13.97%
Liquidity Current Ratio 57% 64% 7%

Debt to Equity 6.29 6.53 0.24

Interest 1.24330 -
Leverage Coverage 6 2.8454 -329%
Asset
Utilization Asset Turnover 53% 20% -34%