Gulf Cable and Electrical Industries Company - KPSC Balance Sheet Health
Financial Health criteria checks 4/6
Gulf Cable and Electrical Industries Company - KPSC has a total shareholder equity of KWD230.8M and total debt of KWD31.7M, which brings its debt-to-equity ratio to 13.7%. Its total assets and total liabilities are KWD280.6M and KWD49.9M respectively. Gulf Cable and Electrical Industries Company - KPSC's EBIT is KWD3.1M making its interest coverage ratio -0.2. It has cash and short-term investments of KWD13.2M.
Key information
13.7%
Debt to equity ratio
د.ك31.72m
Debt
| Interest coverage ratio | -0.2x |
| Cash | د.ك13.18m |
| Equity | د.ك230.78m |
| Total liabilities | د.ك49.86m |
| Total assets | د.ك280.64m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CABLE's short term assets (KWD80.5M) exceed its short term liabilities (KWD21.0M).
Long Term Liabilities: CABLE's short term assets (KWD80.5M) exceed its long term liabilities (KWD28.9M).
Debt to Equity History and Analysis
Debt Level: CABLE's net debt to equity ratio (8%) is considered satisfactory.
Reducing Debt: CABLE's debt to equity ratio has increased from 7.5% to 13.7% over the past 5 years.
Debt Coverage: CABLE's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: CABLE earns more interest than it pays, so coverage of interest payments is not a concern.