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 AED496.6M and total debt of AED279.0M, which brings its debt-to-equity ratio to 56.2%. Its total assets and total liabilities are AED1.7B and AED1.2B respectively.
Key information
56.2%
Debt to equity ratio
د.إ278.98m
Debt
| Interest coverage ratio | n/a |
| Cash | د.إ115.76m |
| Equity | د.إ496.55m |
| Total liabilities | د.إ1.22b |
| Total assets | د.إ1.72b |
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
Is Al Buhaira National Insurance Company P.S.C.'s (ADX:ABNIC) Shareholder Ownership Skewed Towards Insiders?
Feb 18
Al 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 (AED788.6M) do not cover its short term liabilities (AED1.1B).
Long Term Liabilities: ABNIC's short term assets (AED788.6M) exceed its long term liabilities (AED155.9M).
Debt to Equity History and Analysis
Debt Level: ABNIC's net debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: ABNIC's debt to equity ratio has reduced from 73.1% to 56.2% 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.