National Cleaning Company K.P.S.C Balance Sheet Health
Financial Health criteria checks 3/6
National Cleaning Company K.P.S.C has a total shareholder equity of KWD26.9M and total debt of KWD33.3M, which brings its debt-to-equity ratio to 123.5%. Its total assets and total liabilities are KWD92.8M and KWD65.9M respectively. National Cleaning Company K.P.S.C's EBIT is KWD154.2K making its interest coverage ratio 0.3. It has cash and short-term investments of KWD6.0M.
Key information
123.5%
Debt to equity ratio
د.ك33.27m
Debt
| Interest coverage ratio | 0.3x |
| Cash | د.ك5.98m |
| Equity | د.ك26.94m |
| Total liabilities | د.ك65.91m |
| Total assets | د.ك92.85m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLEANING's short term assets (KWD38.0M) exceed its short term liabilities (KWD32.2M).
Long Term Liabilities: CLEANING's short term assets (KWD38.0M) exceed its long term liabilities (KWD33.7M).
Debt to Equity History and Analysis
Debt Level: CLEANING's net debt to equity ratio (101.3%) is considered high.
Reducing Debt: CLEANING's debt to equity ratio has increased from 67.2% to 123.5% over the past 5 years.
Debt Coverage: CLEANING's debt is well covered by operating cash flow (29.5%).
Interest Coverage: CLEANING's interest payments on its debt are not well covered by EBIT (0.3x coverage).