Boubyan Petrochemical Company K.S.C.P Balance Sheet Health
Financial Health criteria checks 2/6
Boubyan Petrochemical Company K.S.C.P has a total shareholder equity of KWD275.5M and total debt of KWD311.4M, which brings its debt-to-equity ratio to 113%. Its total assets and total liabilities are KWD647.8M and KWD372.3M respectively. Boubyan Petrochemical Company K.S.C.P's EBIT is KWD16.2M making its interest coverage ratio -8.2. It has cash and short-term investments of KWD81.3M.
Key information
113.0%
Debt to equity ratio
د.ك311.41m
Debt
| Interest coverage ratio | -8.2x |
| Cash | د.ك81.26m |
| Equity | د.ك275.50m |
| Total liabilities | د.ك372.28m |
| Total assets | د.ك647.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BPCC's short term assets (KWD129.2M) exceed its short term liabilities (KWD83.9M).
Long Term Liabilities: BPCC's short term assets (KWD129.2M) do not cover its long term liabilities (KWD288.4M).
Debt to Equity History and Analysis
Debt Level: BPCC's net debt to equity ratio (83.5%) is considered high.
Reducing Debt: BPCC's debt to equity ratio has increased from 80.2% to 113% over the past 5 years.
Debt Coverage: BPCC's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: BPCC earns more interest than it pays, so coverage of interest payments is not a concern.