Warba Insurance and Reinsurance Company (K.S.C.P.) Balance Sheet Health
Financial Health criteria checks 3/6
Warba Insurance and Reinsurance Company (K.S.C.P.) has a total shareholder equity of KWD39.9M and total debt of KWD4.0M, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are KWD97.9M and KWD61.1M respectively.
Key information
10.0%
Debt to equity ratio
د.ك4.00m
Debt
Interest coverage ratio | n/a |
Cash | د.ك31.10m |
Equity | د.ك39.91m |
Total liabilities | د.ك61.10m |
Total assets | د.ك97.87m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WINSRE's short term assets (KWD57.4M) exceed its short term liabilities (KWD3.1M).
Long Term Liabilities: WINSRE's short term assets (KWD57.4M) do not cover its long term liabilities (KWD58.0M).
Debt to Equity History and Analysis
Debt Level: WINSRE has more cash than its total debt.
Reducing Debt: WINSRE's debt to equity ratio has increased from 4.4% to 10% over the past 5 years.
Debt Coverage: WINSRE's debt is well covered by operating cash flow (122.6%).
Interest Coverage: Insufficient data to determine if WINSRE's interest payments on its debt are well covered by EBIT.