Combined Group Contracting Company - K.S.C. (Public) Balance Sheet Health
Financial Health criteria checks 6/6
Combined Group Contracting Company - K.S.C. (Public) has a total shareholder equity of KWD56.4M and total debt of KWD28.1M, which brings its debt-to-equity ratio to 49.8%. Its total assets and total liabilities are KWD229.9M and KWD173.4M respectively. Combined Group Contracting Company - K.S.C. (Public)'s EBIT is KWD9.8M making its interest coverage ratio 5.9. It has cash and short-term investments of KWD20.4M.
Key information
49.8%
Debt to equity ratio
د.ك28.09m
Debt
Interest coverage ratio | 5.9x |
Cash | د.ك20.44m |
Equity | د.ك56.44m |
Total liabilities | د.ك173.43m |
Total assets | د.ك229.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGC's short term assets (KWD174.7M) exceed its short term liabilities (KWD120.6M).
Long Term Liabilities: CGC's short term assets (KWD174.7M) exceed its long term liabilities (KWD52.8M).
Debt to Equity History and Analysis
Debt Level: CGC's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: CGC's debt to equity ratio has reduced from 133.9% to 49.8% over the past 5 years.
Debt Coverage: CGC's debt is well covered by operating cash flow (56.1%).
Interest Coverage: CGC's interest payments on its debt are well covered by EBIT (5.9x coverage).