Gulf Insurance Group K.S.C.P Balance Sheet Health
Financial Health criteria checks 5/6
Gulf Insurance Group K.S.C.P has a total shareholder equity of KWD374.1M and total debt of KWD56.2M, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are KWD1.2B and KWD801.3M respectively. Gulf Insurance Group K.S.C.P's EBIT is KWD56.4M making its interest coverage ratio 7.7. It has cash and short-term investments of KWD207.4M.
Key information
15.0%
Debt to equity ratio
د.ك56.20m
Debt
| Interest coverage ratio | 7.7x |
| Cash | د.ك207.41m |
| Equity | د.ك374.14m |
| Total liabilities | د.ك801.27m |
| Total assets | د.ك1.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GINS's short term assets (KWD482.8M) exceed its short term liabilities (KWD65.0M).
Long Term Liabilities: GINS's short term assets (KWD482.8M) do not cover its long term liabilities (KWD736.3M).
Debt to Equity History and Analysis
Debt Level: GINS has more cash than its total debt.
Reducing Debt: GINS's debt to equity ratio has reduced from 41.5% to 15% over the past 5 years.
Debt Coverage: GINS's debt is well covered by operating cash flow (59.2%).
Interest Coverage: GINS's interest payments on its debt are well covered by EBIT (7.7x coverage).