Offtec Holding Group Company (P.L.C.) Balance Sheet Health
Financial Health criteria checks 3/6
Offtec Holding Group Company (P.L.C.) has a total shareholder equity of JOD16.7M and total debt of JOD12.3M, which brings its debt-to-equity ratio to 73.7%. Its total assets and total liabilities are JOD41.8M and JOD25.0M respectively. Offtec Holding Group Company (P.L.C.)'s EBIT is JOD4.8M making its interest coverage ratio 1.7. It has cash and short-term investments of JOD2.6M.
Key information
73.7%
Debt to equity ratio
د.أ12.32m
Debt
Interest coverage ratio | 1.7x |
Cash | د.أ2.59m |
Equity | د.أ16.73m |
Total liabilities | د.أ25.04m |
Total assets | د.أ41.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OFTC's short term assets (JOD30.5M) exceed its short term liabilities (JOD22.5M).
Long Term Liabilities: OFTC's short term assets (JOD30.5M) exceed its long term liabilities (JOD2.5M).
Debt to Equity History and Analysis
Debt Level: OFTC's net debt to equity ratio (58.2%) is considered high.
Reducing Debt: OFTC's debt to equity ratio has increased from 15.2% to 73.7% over the past 5 years.
Debt Coverage: OFTC's debt is well covered by operating cash flow (26.6%).
Interest Coverage: OFTC's interest payments on its debt are not well covered by EBIT (1.7x coverage).