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 KWD146.6M and total debt of KWD2.0M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are KWD161.6M and KWD14.9M respectively. Noor Financial Investment Company - KPSC's EBIT is KWD42.6M making its interest coverage ratio 39.1. It has cash and short-term investments of KWD36.4M.
Key information
1.4%
Debt to equity ratio
د.ك1.99m
Debt
| Interest coverage ratio | 39.1x |
| Cash | د.ك36.42m |
| Equity | د.ك146.64m |
| Total liabilities | د.ك14.92m |
| Total assets | د.ك161.57m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOOR's short term assets (KWD40.4M) exceed its short term liabilities (KWD12.8M).
Long Term Liabilities: NOOR's short term assets (KWD40.4M) exceed its long term liabilities (KWD2.1M).
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 43.6% to 1.4% over the past 5 years.
Debt Coverage: NOOR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NOOR's interest payments on its debt are well covered by EBIT (39.1x coverage).