Independent Petroleum Group K.S.C.P.

KWSE:IPG Stock Report

Market Cap: د.ك86.4m

Independent Petroleum Group K.S.C.P Balance Sheet Health

Financial Health criteria checks 2/6

Independent Petroleum Group K.S.C.P has a total shareholder equity of KWD103.6M and total debt of KWD273.1M, which brings its debt-to-equity ratio to 263.7%. Its total assets and total liabilities are KWD515.3M and KWD411.8M respectively. Independent Petroleum Group K.S.C.P's EBIT is KWD6.5M making its interest coverage ratio 0.5. It has cash and short-term investments of KWD107.2M.

Key information

263.7%

Debt to equity ratio

د.ك273.14m

Debt

Interest coverage ratio0.5x
Cashد.ك107.18m
Equityد.ك103.57m
Total liabilitiesد.ك411.77m
Total assetsد.ك515.34m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: IPG's short term assets (KWD401.0M) exceed its short term liabilities (KWD381.9M).

Long Term Liabilities: IPG's short term assets (KWD401.0M) exceed its long term liabilities (KWD29.8M).


Debt to Equity History and Analysis

Debt Level: IPG's net debt to equity ratio (160.2%) is considered high.

Reducing Debt: IPG's debt to equity ratio has increased from 177.1% to 263.7% over the past 5 years.

Debt Coverage: IPG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: IPG's interest payments on its debt are not well covered by EBIT (0.5x coverage).


Balance Sheet


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