Noor Financial Investment Company - KPSC Balance Sheet Health
Financial Health criteria checks 5/6
Noor Financial Investment Company - KPSC has a total shareholder equity of KWD114.7M and total debt of KWD14.8M, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are KWD145.4M and KWD30.7M respectively. Noor Financial Investment Company - KPSC's EBIT is KWD41.9M making its interest coverage ratio 36.4. It has cash and short-term investments of KWD31.0M.
Key information
12.9%
Debt to equity ratio
د.ك14.77m
Debt
Interest coverage ratio | 36.4x |
Cash | د.ك30.98m |
Equity | د.ك114.72m |
Total liabilities | د.ك30.71m |
Total assets | د.ك145.43m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOOR's short term assets (KWD35.1M) exceed its short term liabilities (KWD14.0M).
Long Term Liabilities: NOOR's short term assets (KWD35.1M) exceed its long term liabilities (KWD16.7M).
Debt to Equity History and Analysis
Debt Level: NOOR has more cash than its total debt.
Reducing Debt: NOOR's debt to equity ratio has reduced from 71.6% to 12.9% over the past 5 years.
Debt Coverage: NOOR's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: NOOR's interest payments on its debt are well covered by EBIT (36.4x coverage).