Al Manar Financing and Leasing Company K.S.C. (Public) Balance Sheet Health
Financial Health criteria checks 2/6
Al Manar Financing and Leasing Company K.S.C. (Public) has a total shareholder equity of KWD32.4M and total debt of KWD18.1M, which brings its debt-to-equity ratio to 55.7%. Its total assets and total liabilities are KWD52.3M and KWD19.9M respectively.
Key information
55.7%
Debt to equity ratio
د.ك18.05m
Debt
| Interest coverage ratio | n/a |
| Cash | د.ك4.27m |
| Equity | د.ك32.39m |
| Total liabilities | د.ك19.87m |
| Total assets | د.ك52.26m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALMANAR's short term assets (KWD28.8M) exceed its short term liabilities (KWD19.7M).
Long Term Liabilities: ALMANAR's short term assets (KWD28.8M) exceed its long term liabilities (KWD173.0K).
Debt to Equity History and Analysis
Debt Level: ALMANAR's net debt to equity ratio (42.5%) is considered high.
Reducing Debt: ALMANAR's debt to equity ratio has increased from 20.6% to 55.7% over the past 5 years.
Debt Coverage: ALMANAR's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: Insufficient data to determine if ALMANAR's interest payments on its debt are well covered by EBIT.