Sukoon Insurance PJSC Balance Sheet Health
Financial Health criteria checks 4/6
Sukoon Insurance PJSC has a total shareholder equity of AED2.9B and total debt of AED86.0M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are AED10.1B and AED7.2B respectively. Sukoon Insurance PJSC's EBIT is AED245.4M making its interest coverage ratio 46.9. It has cash and short-term investments of AED1.5B.
Key information
3.0%
Debt to equity ratio
د.إ86.00m
Debt
| Interest coverage ratio | 46.9x |
| Cash | د.إ1.50b |
| Equity | د.إ2.89b |
| Total liabilities | د.إ7.25b |
| Total assets | د.إ10.13b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SUKOON's short term assets (AED5.5B) exceed its short term liabilities (AED101.8M).
Long Term Liabilities: SUKOON's short term assets (AED5.5B) do not cover its long term liabilities (AED7.1B).
Debt to Equity History and Analysis
Debt Level: SUKOON has more cash than its total debt.
Reducing Debt: SUKOON's debt to equity ratio has increased from 0% to 3% over the past 5 years.
Debt Coverage: SUKOON's debt is well covered by operating cash flow (593.7%).
Interest Coverage: SUKOON's interest payments on its debt are well covered by EBIT (46.9x coverage).