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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 21:14 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Noor Financial Investment Company - KPSC is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jaap Meijer | Arqaam Capital Research Offshore S.A.L. |