Al Buhaira National Insurance Company P.S.C Balance Sheet Health
Financial Health criteria checks 3/6
Al Buhaira National Insurance Company P.S.C has a total shareholder equity of AED488.2M and total debt of AED291.5M, which brings its debt-to-equity ratio to 59.7%. Its total assets and total liabilities are AED1.8B and AED1.3B respectively.
Key information
59.7%
Debt to equity ratio
د.إ291.47m
Debt
Interest coverage ratio | n/a |
Cash | د.إ86.96m |
Equity | د.إ488.24m |
Total liabilities | د.إ1.30b |
Total assets | د.إ1.78b |
Recent financial health updates
No updates
Recent updates
Consider This Before Buying Al Buhaira National Insurance Company P.S.C. (ADX:ABNIC) For The 5.9% Dividend
Mar 17Is Al Buhaira National Insurance Company P.S.C.'s (ADX:ABNIC) Shareholder Ownership Skewed Towards Insiders?
Feb 18Al Buhaira National Insurance Company P.S.C's (ADX:ABNIC) Stock Price Has Reduced 32% In The Past Five Years
Dec 24Could The Al Buhaira National Insurance Company P.S.C. (ADX:ABNIC) Ownership Structure Tell Us Something Useful?
Nov 19Financial Position Analysis
Short Term Liabilities: ABNIC's short term assets (AED854.3M) exceed its short term liabilities (AED537.7M).
Long Term Liabilities: ABNIC's short term assets (AED854.3M) exceed its long term liabilities (AED757.5M).
Debt to Equity History and Analysis
Debt Level: ABNIC's net debt to equity ratio (41.9%) is considered high.
Reducing Debt: ABNIC's debt to equity ratio has reduced from 71.1% to 59.7% over the past 5 years.
Debt Coverage: ABNIC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ABNIC's interest payments on its debt are well covered by EBIT.