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 AED175.6M and total debt of AED69.9M, which brings its debt-to-equity ratio to 39.8%. Its total assets and total liabilities are AED789.9M and AED614.4M respectively.
Key information
39.8%
Debt to equity ratio
د.إ69.90m
Debt
| Interest coverage ratio | n/a |
| Cash | د.إ93.62m |
| Equity | د.إ175.57m |
| Total liabilities | د.إ614.38m |
| Total assets | د.إ789.95m |
Recent financial health updates
No updates
Recent updates
Ras Al Khaimah National Insurance Company P.S.C.'s (ADX:RAKNIC) Share Price Not Quite Adding Up
Jun 03
Ras Al Khaimah National Insurance Company P.S.C.'s (ADX:RAKNIC) Business Is Yet to Catch Up With Its Share Price
Feb 24Ras 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 (AED402.0M) exceed its short term liabilities (AED119.6M).
Long Term Liabilities: RAKNIC's short term assets (AED402.0M) do not cover its long term liabilities (AED494.8M).
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 19.2% to 39.8% over the past 5 years.
Debt Coverage: RAKNIC's debt is well covered by operating cash flow (66.8%).
Interest Coverage: Insufficient data to determine if RAKNIC's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:07 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Ras Al Khaimah National Insurance Company P.S.C. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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