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 ratio | 0.5x |
| Cash | د.ك107.18m |
| Equity | د.ك103.57m |
| Total liabilities | د.ك411.77m |
| Total assets | د.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).