Al Manara Islamic Insurance Balance Sheet Health
Financial Health criteria checks 2/6
Al Manara Islamic Insurance has a total shareholder equity of JOD4.9M and total debt of JOD1.3M, which brings its debt-to-equity ratio to 26.3%. Its total assets and total liabilities are JOD23.0M and JOD18.1M respectively.
Key information
26.3%
Debt to equity ratio
د.أ1.28m
Debt
Interest coverage ratio | n/a |
Cash | د.أ1.25m |
Equity | د.أ4.86m |
Total liabilities | د.أ18.15m |
Total assets | د.أ23.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIIC's short term assets (JOD7.6M) do not cover its short term liabilities (JOD15.8M).
Long Term Liabilities: MIIC's short term assets (JOD7.6M) exceed its long term liabilities (JOD2.3M).
Debt to Equity History and Analysis
Debt Level: MIIC's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: MIIC's debt to equity ratio has increased from 0% to 26.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MIIC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MIIC has less than a year of cash runway if free cash flow continues to grow at historical rates of 9.4% each year.