ACICO Industries Company - K.S.C. (Public) Balance Sheet Health
Financial Health criteria checks 3/6
ACICO Industries Company - K.S.C. (Public) has a total shareholder equity of KWD35.1M and total debt of KWD269.0M, which brings its debt-to-equity ratio to 766.9%. Its total assets and total liabilities are KWD359.9M and KWD324.9M respectively. ACICO Industries Company - K.S.C. (Public)'s EBIT is KWD6.9M making its interest coverage ratio 0.4. It has cash and short-term investments of KWD17.4M.
Key information
766.9%
Debt to equity ratio
د.ك268.98m
Debt
| Interest coverage ratio | 0.4x |
| Cash | د.ك17.43m |
| Equity | د.ك35.07m |
| Total liabilities | د.ك324.85m |
| Total assets | د.ك359.93m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ACICO's short term assets (KWD99.3M) do not cover its short term liabilities (KWD318.9M).
Long Term Liabilities: ACICO's short term assets (KWD99.3M) exceed its long term liabilities (KWD5.9M).
Debt to Equity History and Analysis
Debt Level: ACICO's net debt to equity ratio (717.2%) is considered high.
Reducing Debt: ACICO's debt to equity ratio has increased from 185.7% to 766.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ACICO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ACICO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 10.3% per year.