ALAFCO Aviation Lease and Finance Company K.S.C.P Balance Sheet Health
Financial Health criteria checks 4/6
ALAFCO Aviation Lease and Finance Company K.S.C.P has a total shareholder equity of KWD232.9M and total debt of KWD82.9M, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are KWD354.1M and KWD121.1M respectively. ALAFCO Aviation Lease and Finance Company K.S.C.P's EBIT is KWD26.2M making its interest coverage ratio 0.9. It has cash and short-term investments of KWD237.2M.
Key information
35.6%
Debt to equity ratio
د.ك82.88m
Debt
| Interest coverage ratio | 0.9x |
| Cash | د.ك237.16m |
| Equity | د.ك232.95m |
| Total liabilities | د.ك121.11m |
| Total assets | د.ك354.06m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALAFCO's short term assets (KWD353.9M) exceed its short term liabilities (KWD91.1M).
Long Term Liabilities: ALAFCO's short term assets (KWD353.9M) exceed its long term liabilities (KWD30.1M).
Debt to Equity History and Analysis
Debt Level: ALAFCO has more cash than its total debt.
Reducing Debt: ALAFCO's debt to equity ratio has reduced from 277.7% to 35.6% over the past 5 years.
Debt Coverage: ALAFCO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ALAFCO's interest payments on its debt are not well covered by EBIT (0.9x coverage).