18.05.2009 - Emaar position strong despite cash shortfall
From Business24-7.ae: Emaar Properties' debt to equity ratio at the end of the first quarter stood at approximately 1:4, giving the developer a comfortable margin for further borrowing even as liquidity became tighter, its financial statements reveal. A negative net cash position of Dh1.2 billion at the end of the first quarter after taking into account short-maturity debt of Dh5.8bn is not worrisome for Emaar........Full Article: Source