Sharjah Insurance Company P.S.C Balance Sheet Health
Financial Health criteria checks 5/6
Sharjah Insurance Company P.S.C has a total shareholder equity of AED253.2M and total debt of AED2.6M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are AED301.9M and AED48.7M respectively. Sharjah Insurance Company P.S.C's EBIT is AED15.4M making its interest coverage ratio 112.7. It has cash and short-term investments of AED126.3M.
Key information
1.0%
Debt to equity ratio
د.إ2.58m
Debt
| Interest coverage ratio | 112.7x |
| Cash | د.إ126.33m |
| Equity | د.إ253.17m |
| Total liabilities | د.إ48.72m |
| Total assets | د.إ301.88m |
Recent financial health updates
No updates
Recent updates
Sharjah Insurance Company P.S.C. (ADX:SICO) Doing What It Can To Lift Shares
Feb 08
Sharjah Insurance Company P.S.C (ADX:SICO) Will Pay A Dividend Of د.إ0.08
Apr 28Sharjah Insurance Company P.S.C's (ADX:SICO) Dividend Will Be د.إ0.08
Mar 14Key Things To Consider Before Buying Sharjah Insurance Company P.S.C. (ADX:SICO) For Its Dividend
Mar 31Reflecting on Sharjah Insurance Company P.S.C's (ADX:SICO) Share Price Returns Over The Last Three Years
Mar 05Can Sharjah Insurance Company P.S.C. (ADX:SICO) Rely On Its Fundamentals For Future Uptrend In Price?
Jan 25Should Sharjah Insurance Company P.S.C. (ADX:SICO) Be Part Of Your Dividend Portfolio?
Dec 17Financial Position Analysis
Short Term Liabilities: SICO's short term assets (AED203.0M) exceed its short term liabilities (AED47.7M).
Long Term Liabilities: SICO's short term assets (AED203.0M) exceed its long term liabilities (AED1.0M).
Debt to Equity History and Analysis
Debt Level: SICO has more cash than its total debt.
Reducing Debt: SICO's debt to equity ratio has reduced from 2.8% to 1% over the past 5 years.
Debt Coverage: SICO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SICO's interest payments on its debt are well covered by EBIT (112.7x coverage).