Middle East Insurance Balance Sheet Health
Financial Health criteria checks 5/6
Middle East Insurance has a total shareholder equity of JOD38.7M and total debt of JOD0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are JOD102.1M and JOD63.4M respectively. Middle East Insurance's EBIT is JOD1.7M making its interest coverage ratio -54. It has cash and short-term investments of JOD11.1M.
Key information
0%
Debt to equity ratio
د.أ0
Debt
| Interest coverage ratio | -54x |
| Cash | د.أ11.12m |
| Equity | د.أ38.71m |
| Total liabilities | د.أ63.40m |
| Total assets | د.أ102.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEIN's short term assets (JOD33.5M) do not cover its short term liabilities (JOD54.0M).
Long Term Liabilities: MEIN's short term assets (JOD33.5M) exceed its long term liabilities (JOD9.5M).
Debt to Equity History and Analysis
Debt Level: MEIN is debt free.
Reducing Debt: MEIN had no debt 5 years ago.
Debt Coverage: MEIN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MEIN has no debt, therefore coverage of interest payments is not a concern.