Metal and Recycling Company K.S.C. (Public) Balance Sheet Health
Financial Health criteria checks 2/6
Metal and Recycling Company K.S.C. (Public) has a total shareholder equity of KWD10.5M and total debt of KWD10.1M, which brings its debt-to-equity ratio to 96.2%. Its total assets and total liabilities are KWD31.4M and KWD21.0M respectively. Metal and Recycling Company K.S.C. (Public)'s EBIT is KWD969.3K making its interest coverage ratio 2.3. It has cash and short-term investments of KWD4.2M.
Key information
96.2%
Debt to equity ratio
د.ك10.06m
Debt
Interest coverage ratio | 2.3x |
Cash | د.ك4.24m |
Equity | د.ك10.47m |
Total liabilities | د.ك20.98m |
Total assets | د.ك31.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRC's short term assets (KWD12.7M) exceed its short term liabilities (KWD11.0M).
Long Term Liabilities: MRC's short term assets (KWD12.7M) exceed its long term liabilities (KWD10.0M).
Debt to Equity History and Analysis
Debt Level: MRC's net debt to equity ratio (55.6%) is considered high.
Reducing Debt: MRC's debt to equity ratio has increased from 5.8% to 96.2% over the past 5 years.
Debt Coverage: MRC's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: MRC's interest payments on its debt are not well covered by EBIT (2.3x coverage).