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 JOD20.1M and total debt of JOD12.4M, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are JOD46.5M and JOD26.4M respectively. Offtec Holding Group Company (P.L.C.)'s EBIT is JOD675.5K making its interest coverage ratio -0.2. It has cash and short-term investments of JOD3.0M.
Key information
61.9%
Debt to equity ratio
د.أ12.43m
Debt
| Interest coverage ratio | -0.2x |
| Cash | د.أ3.01m |
| Equity | د.أ20.09m |
| Total liabilities | د.أ26.45m |
| Total assets | د.أ46.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OFTC's short term assets (JOD29.4M) exceed its short term liabilities (JOD23.6M).
Long Term Liabilities: OFTC's short term assets (JOD29.4M) exceed its long term liabilities (JOD2.8M).
Debt to Equity History and Analysis
Debt Level: OFTC's net debt to equity ratio (46.9%) is considered high.
Reducing Debt: OFTC's debt to equity ratio has increased from 15.6% to 61.9% over the past 5 years.
Debt Coverage: OFTC's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: OFTC earns more interest than it pays, so coverage of interest payments is not a concern.