Ras Al Khaimah National Insurance Company P.S.C Balance Sheet Health
Financial Health criteria checks 3/6
Ras Al Khaimah National Insurance Company P.S.C has a total shareholder equity of AED162.7M and total debt of AED78.4M, which brings its debt-to-equity ratio to 48.2%. Its total assets and total liabilities are AED651.0M and AED488.3M respectively.
Key information
48.2%
Debt to equity ratio
د.إ78.38m
Debt
| Interest coverage ratio | n/a |
| Cash | د.إ87.00m |
| Equity | د.إ162.69m |
| Total liabilities | د.إ488.27m |
| Total assets | د.إ650.97m |
Recent financial health updates
No updates
Recent updates
Ras Al Khaimah National Insurance Company P.S.C.'s (ADX:RAKNIC) Business Is Yet to Catch Up With Its Share Price
Feb 24
Ras Al Khaimah National Insurance Company P.S.C (ADX:RAKNIC) Has Re-Affirmed Its Dividend Of د.إ0.08
Mar 26Is Ras Al Khaimah National Insurance Company P.S.C. (ADX:RAKNIC) An Attractive Dividend Stock?
Mar 02Ras Al Khaimah National Insurance Company P.S.C (ADX:RAKNIC) Shareholders Have Enjoyed A 66% Share Price Gain
Jan 21
Does Ras Al Khaimah National Insurance Company P.S.C.'s (ADX:RAKNIC) Weak Fundamentals Mean That The Market Could Correct Its Share Price?
Dec 16Financial Position Analysis
Short Term Liabilities: RAKNIC's short term assets (AED261.3M) exceed its short term liabilities (AED1.7M).
Long Term Liabilities: RAKNIC's short term assets (AED261.3M) do not cover its long term liabilities (AED486.6M).
Debt to Equity History and Analysis
Debt Level: RAKNIC has more cash than its total debt.
Reducing Debt: RAKNIC's debt to equity ratio has increased from 17.5% to 48.2% over the past 5 years.
Debt Coverage: RAKNIC's debt is well covered by operating cash flow (32.6%).
Interest Coverage: Insufficient data to determine if RAKNIC's interest payments on its debt are well covered by EBIT.