Offtec Holding Group Company (P.L.C.)

ASE:OFTC Stock Report

Market Cap: د.أ12.8m

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 ratio1.7x
Cashد.أ2.59m
Equityد.أ16.73m
Total liabilitiesد.أ25.04m
Total assetsد.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).


Balance Sheet


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