Al Manara Islamic Insurance Balance Sheet Health
Financial Health criteria checks 2/6
Al Manara Islamic Insurance has a total shareholder equity of JOD4.2M and total debt of JOD1.1M, which brings its debt-to-equity ratio to 26%. Its total assets and total liabilities are JOD15.0M and JOD10.8M respectively.
Key information
26.0%
Debt to equity ratio
د.أ1.08m
Debt
| Interest coverage ratio | n/a |
| Cash | د.أ644.00k |
| Equity | د.أ4.15m |
| Total liabilities | د.أ10.83m |
| Total assets | د.أ14.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIIC's short term assets (JOD974.5K) exceed its short term liabilities (JOD30.4K).
Long Term Liabilities: MIIC's short term assets (JOD974.5K) do not cover its long term liabilities (JOD10.8M).
Debt to Equity History and Analysis
Debt Level: MIIC's net debt to equity ratio (10.5%) is considered satisfactory.
Reducing Debt: MIIC's debt to equity ratio has increased from 0% to 26% 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 reduce at historical rates of 1.8% each year