Al Eid Food Company K.S.C. (Public) Balance Sheet Health
Financial Health criteria checks 4/6
Al Eid Food Company K.S.C. (Public) has a total shareholder equity of KWD45.9M and total debt of KWD16.3M, which brings its debt-to-equity ratio to 35.5%. Its total assets and total liabilities are KWD63.5M and KWD17.6M respectively. Al Eid Food Company K.S.C. (Public)'s EBIT is KWD4.2M making its interest coverage ratio 5.9. It has cash and short-term investments of KWD942.4K.
Key information
35.5%
Debt to equity ratio
د.ك16.33m
Debt
Interest coverage ratio | 5.9x |
Cash | د.ك942.42k |
Equity | د.ك45.94m |
Total liabilities | د.ك17.57m |
Total assets | د.ك63.51m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALEID's short term assets (KWD54.4M) exceed its short term liabilities (KWD15.9M).
Long Term Liabilities: ALEID's short term assets (KWD54.4M) exceed its long term liabilities (KWD1.6M).
Debt to Equity History and Analysis
Debt Level: ALEID's net debt to equity ratio (33.5%) is considered satisfactory.
Reducing Debt: ALEID's debt to equity ratio has increased from 33.6% to 35.5% over the past 5 years.
Debt Coverage: ALEID's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ALEID's interest payments on its debt are well covered by EBIT (5.9x coverage).