Al Buhaira National Insurance Company P.S.C.

ADX:ABNIC Stock Report

Market Cap: د.إ750.0m

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 ration/a
Cashد.إ86.96m
Equityد.إ488.24m
Total liabilitiesد.إ1.30b
Total assetsد.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 17
Consider This Before Buying Al Buhaira National Insurance Company P.S.C. (ADX:ABNIC) For The 5.9% Dividend

Is Al Buhaira National Insurance Company P.S.C.'s (ADX:ABNIC) Shareholder Ownership Skewed Towards Insiders?

Feb 18
Is Al Buhaira National Insurance Company P.S.C.'s (ADX:ABNIC) Shareholder Ownership Skewed Towards Insiders?

Al Buhaira National Insurance Company P.S.C's (ADX:ABNIC) Stock Price Has Reduced 32% In The Past Five Years

Dec 24
Al Buhaira National Insurance Company P.S.C's (ADX:ABNIC) Stock Price Has Reduced 32% In The Past Five Years

Could The Al Buhaira National Insurance Company P.S.C. (ADX:ABNIC) Ownership Structure Tell Us Something Useful?

Nov 19
Could The Al Buhaira National Insurance Company P.S.C. (ADX:ABNIC) Ownership Structure Tell Us Something Useful?

Financial 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.


Balance Sheet


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