Advanced Technology Company K.S.C.P Balance Sheet Health
Financial Health criteria checks 3/6
Advanced Technology Company K.S.C.P has a total shareholder equity of KWD68.7M and total debt of KWD200.5M, which brings its debt-to-equity ratio to 291.8%. Its total assets and total liabilities are KWD342.5M and KWD273.7M respectively. Advanced Technology Company K.S.C.P's EBIT is KWD9.4M making its interest coverage ratio 0.8. It has cash and short-term investments of KWD2.7M.
Key information
291.8%
Debt to equity ratio
د.ك200.52m
Debt
| Interest coverage ratio | 0.8x |
| Cash | د.ك2.70m |
| Equity | د.ك68.72m |
| Total liabilities | د.ك273.75m |
| Total assets | د.ك342.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATC's short term assets (KWD253.4M) exceed its short term liabilities (KWD187.3M).
Long Term Liabilities: ATC's short term assets (KWD253.4M) exceed its long term liabilities (KWD86.5M).
Debt to Equity History and Analysis
Debt Level: ATC's net debt to equity ratio (287.9%) is considered high.
Reducing Debt: ATC's debt to equity ratio has reduced from 294.9% to 291.8% over the past 5 years.
Debt Coverage: ATC's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: ATC's interest payments on its debt are not well covered by EBIT (0.8x coverage).