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 KWD58.2M and total debt of KWD28.9M, which brings its debt-to-equity ratio to 49.6%. Its total assets and total liabilities are KWD217.1M and KWD158.9M respectively. Combined Group Contracting Company - K.S.C. (Public)'s EBIT is KWD9.9M making its interest coverage ratio 6.3. It has cash and short-term investments of KWD16.8M.
Key information
49.6%
Debt to equity ratio
د.ك28.85m
Debt
| Interest coverage ratio | 6.3x |
| Cash | د.ك16.84m |
| Equity | د.ك58.16m |
| Total liabilities | د.ك158.91m |
| Total assets | د.ك217.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGC's short term assets (KWD155.2M) exceed its short term liabilities (KWD112.1M).
Long Term Liabilities: CGC's short term assets (KWD155.2M) exceed its long term liabilities (KWD46.8M).
Debt to Equity History and Analysis
Debt Level: CGC's net debt to equity ratio (20.7%) is considered satisfactory.
Reducing Debt: CGC's debt to equity ratio has reduced from 115.1% to 49.6% over the past 5 years.
Debt Coverage: CGC's debt is well covered by operating cash flow (42%).
Interest Coverage: CGC's interest payments on its debt are well covered by EBIT (6.3x coverage).