Alliance Insurance P.S.C Balance Sheet Health
Financial Health criteria checks 6/6
Alliance Insurance P.S.C has a total shareholder equity of AED560.2M and total debt of AED0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are AED1.3B and AED761.0M respectively. Alliance Insurance P.S.C's EBIT is AED40.1M making its interest coverage ratio 3.7. It has cash and short-term investments of AED472.0M.
Key information
0%
Debt to equity ratio
د.إ0
Debt
| Interest coverage ratio | 3.7x |
| Cash | د.إ472.03m |
| Equity | د.إ560.24m |
| Total liabilities | د.إ761.04m |
| Total assets | د.إ1.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALLIANCE's short term assets (AED749.4M) exceed its short term liabilities (AED14.8M).
Long Term Liabilities: ALLIANCE's short term assets (AED749.4M) exceed its long term liabilities (AED746.3M).
Debt to Equity History and Analysis
Debt Level: ALLIANCE is debt free.
Reducing Debt: ALLIANCE has not had any debt for past 5 years.
Debt Coverage: ALLIANCE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ALLIANCE has no debt, therefore coverage of interest payments is not a concern.