National Cleaning Company K.P.S.C Balance Sheet Health
Financial Health criteria checks 2/6
National Cleaning Company K.P.S.C has a total shareholder equity of KWD26.5M and total debt of KWD36.5M, which brings its debt-to-equity ratio to 137.7%. Its total assets and total liabilities are KWD97.0M and KWD70.5M respectively.
Key information
137.7%
Debt to equity ratio
د.ك36.46m
Debt
| Interest coverage ratio | n/a |
| Cash | د.ك3.48m |
| Equity | د.ك26.48m |
| Total liabilities | د.ك70.51m |
| Total assets | د.ك96.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLEANING's short term assets (KWD35.9M) do not cover its short term liabilities (KWD40.5M).
Long Term Liabilities: CLEANING's short term assets (KWD35.9M) exceed its long term liabilities (KWD30.0M).
Debt to Equity History and Analysis
Debt Level: CLEANING's net debt to equity ratio (124.6%) is considered high.
Reducing Debt: CLEANING's debt to equity ratio has increased from 63.7% to 137.7% over the past 5 years.
Debt Coverage: CLEANING's debt is well covered by operating cash flow (30.3%).
Interest Coverage: Insufficient data to determine if CLEANING's interest payments on its debt are well covered by EBIT.