Kuwait and Middle East Financial Investment Company K.S.C.P Balance Sheet Health
Financial Health criteria checks 0/6
Kuwait and Middle East Financial Investment Company K.S.C.P has a total shareholder equity of KWD24.2M and total debt of KWD53.1M, which brings its debt-to-equity ratio to 218.9%. Its total assets and total liabilities are KWD82.9M and KWD58.6M respectively. Kuwait and Middle East Financial Investment Company K.S.C.P's EBIT is KWD3.7M making its interest coverage ratio 1.4. It has cash and short-term investments of KWD3.2M.
Key information
218.9%
Debt to equity ratio
د.ك53.07m
Debt
| Interest coverage ratio | 1.4x |
| Cash | د.ك3.18m |
| Equity | د.ك24.24m |
| Total liabilities | د.ك58.62m |
| Total assets | د.ك82.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KMEFIC's short term assets (KWD5.0M) do not cover its short term liabilities (KWD5.3M).
Long Term Liabilities: KMEFIC's short term assets (KWD5.0M) do not cover its long term liabilities (KWD53.3M).
Debt to Equity History and Analysis
Debt Level: KMEFIC's net debt to equity ratio (205.8%) is considered high.
Reducing Debt: KMEFIC's debt to equity ratio has increased from 0% to 218.9% over the past 5 years.
Debt Coverage: KMEFIC's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: KMEFIC's interest payments on its debt are not well covered by EBIT (1.4x coverage).