Methaq Takaful Insurance P.S.C Balance Sheet Health
Financial Health criteria checks 2/6
Methaq Takaful Insurance P.S.C has a total shareholder equity of AED64.9M and total debt of AED178.4M, which brings its debt-to-equity ratio to 274.9%. Its total assets and total liabilities are AED712.3M and AED647.4M respectively.
Key information
274.9%
Debt to equity ratio
د.إ178.42m
Debt
| Interest coverage ratio | n/a |
| Cash | د.إ7.76m |
| Equity | د.إ64.90m |
| Total liabilities | د.إ647.37m |
| Total assets | د.إ712.28m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: METHAQ's short term assets (AED450.0M) do not cover its short term liabilities (AED643.4M).
Long Term Liabilities: METHAQ's short term assets (AED450.0M) exceed its long term liabilities (AED3.9M).
Debt to Equity History and Analysis
Debt Level: METHAQ's net debt to equity ratio (263%) is considered high.
Reducing Debt: METHAQ's debt to equity ratio has reduced from 289.1% to 274.9% over the past 5 years.
Debt Coverage: METHAQ's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if METHAQ's interest payments on its debt are well covered by EBIT.