Many else if statements in the code

I would like to ask if it is a good way to have many else if statements based on the boolean conditions like below?

public void borrowItem() throws IOException {

    boolean ableToBorrow = isUserAbleToBorrow(cardID);
    boolean isDemand = checkDemand(title, authorNumber);
    boolean userExists = checkIfUserExists(cardID);


    if(ableToBorrow && isDemand && userExists) {

           //lots of code....

    }else if(!ableToBorrow && isDemand && userExists) {
        System.out.println("User limit  exceeded");
    }else if(!ableToBorrow && !isDemand && userExists) {
        System.out.println("User limit  exceeded and no book demand");
    }else if(ableToBorrow && !isDemand && userExists) {
        System.out.println("No book demand");
    }else if(ableToBorrow && !isDemand && !userExists) {
        System.out.println("No book demand and user does not exists");
    }else if(ableToBorrow && isDemand && !userExists) {
        System.out.println("Unrecognized user!");
    }

}

Is it a good way or there is a better idea in java to do that?