Heavy Engineering Industries and Shipbuilding Company K.S.C.P Balance Sheet Health
Financial Health criteria checks 6/6
Heavy Engineering Industries and Shipbuilding Company K.S.C.P has a total shareholder equity of KWD74.0M and total debt of KWD25.4M, which brings its debt-to-equity ratio to 34.3%. Its total assets and total liabilities are KWD183.8M and KWD109.8M respectively. Heavy Engineering Industries and Shipbuilding Company K.S.C.P's EBIT is KWD7.9M making its interest coverage ratio 5. It has cash and short-term investments of KWD4.9M.
Key information
34.3%
Debt to equity ratio
د.ك25.38m
Debt
Interest coverage ratio | 5x |
Cash | د.ك4.87m |
Equity | د.ك74.03m |
Total liabilities | د.ك109.81m |
Total assets | د.ك183.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHIP's short term assets (KWD106.4M) exceed its short term liabilities (KWD86.3M).
Long Term Liabilities: SHIP's short term assets (KWD106.4M) exceed its long term liabilities (KWD23.5M).
Debt to Equity History and Analysis
Debt Level: SHIP's net debt to equity ratio (27.7%) is considered satisfactory.
Reducing Debt: SHIP's debt to equity ratio has reduced from 61.8% to 34.3% over the past 5 years.
Debt Coverage: SHIP's debt is well covered by operating cash flow (112.3%).
Interest Coverage: SHIP's interest payments on its debt are well covered by EBIT (5x coverage).