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 KWD112.3M and total debt of KWD215.7M, which brings its debt-to-equity ratio to 192.1%. Its total assets and total liabilities are KWD490.7M and KWD378.5M respectively. Independent Petroleum Group K.S.C.P's EBIT is KWD5.0M making its interest coverage ratio 0.4. It has cash and short-term investments of KWD98.9M.
Key information
192.1%
Debt to equity ratio
د.ك215.70m
Debt
| Interest coverage ratio | 0.4x |
| Cash | د.ك98.90m |
| Equity | د.ك112.27m |
| Total liabilities | د.ك378.45m |
| Total assets | د.ك490.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IPG's short term assets (KWD371.0M) exceed its short term liabilities (KWD348.9M).
Long Term Liabilities: IPG's short term assets (KWD371.0M) exceed its long term liabilities (KWD29.5M).
Debt to Equity History and Analysis
Debt Level: IPG's net debt to equity ratio (104%) is considered high.
Reducing Debt: IPG's debt to equity ratio has increased from 126.4% to 192.1% over the past 5 years.
Debt Coverage: IPG's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: IPG's interest payments on its debt are not well covered by EBIT (0.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/30 09:58 |
| End of Day Share Price | 2025/01/29 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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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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
Independent Petroleum Group K.S.C.P. is covered by 0 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 |
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