Sukoon Insurance PJSC Balance Sheet Health
Financial Health criteria checks 5/6
Sukoon Insurance PJSC has a total shareholder equity of AED2.8B and total debt of AED86.0M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are AED8.8B and AED6.1B respectively. Sukoon Insurance PJSC's EBIT is AED234.8M making its interest coverage ratio 72.5. It has cash and short-term investments of AED1.3B.
Key information
3.1%
Debt to equity ratio
د.إ86.00m
Debt
| Interest coverage ratio | 72.5x |
| Cash | د.إ1.34b |
| Equity | د.إ2.77b |
| Total liabilities | د.إ6.06b |
| Total assets | د.إ8.83b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SUKOON's short term assets (AED4.5B) exceed its short term liabilities (AED651.3M).
Long Term Liabilities: SUKOON's short term assets (AED4.5B) do not cover its long term liabilities (AED5.4B).
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 reduced from 4.4% to 3.1% over the past 5 years.
Debt Coverage: SUKOON's debt is well covered by operating cash flow (316.8%).
Interest Coverage: SUKOON's interest payments on its debt are well covered by EBIT (72.5x coverage).