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 KWD101.0M and total debt of KWD306.7M, which brings its debt-to-equity ratio to 303.7%. Its total assets and total liabilities are KWD580.5M and KWD479.5M respectively. Independent Petroleum Group K.S.C.P's EBIT is KWD5.3M making its interest coverage ratio 0.5. It has cash and short-term investments of KWD104.1M.
Key information
303.7%
Debt to equity ratio
د.ك306.68m
Debt
| Interest coverage ratio | 0.5x |
| Cash | د.ك104.15m |
| Equity | د.ك100.99m |
| Total liabilities | د.ك479.46m |
| Total assets | د.ك580.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IPG's short term assets (KWD463.6M) exceed its short term liabilities (KWD449.6M).
Long Term Liabilities: IPG's short term assets (KWD463.6M) exceed its long term liabilities (KWD29.8M).
Debt to Equity History and Analysis
Debt Level: IPG's net debt to equity ratio (200.6%) is considered high.
Reducing Debt: IPG's debt to equity ratio has increased from 158.3% to 303.7% 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).