Injazzat Real Estate Development Company K.P.S.C Balance Sheet Health
Financial Health criteria checks 3/6
Injazzat Real Estate Development Company K.P.S.C has a total shareholder equity of KWD58.9M and total debt of KWD36.5M, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are KWD102.7M and KWD43.8M respectively. Injazzat Real Estate Development Company K.P.S.C's EBIT is KWD3.5M making its interest coverage ratio 1.7. It has cash and short-term investments of KWD8.1M.
Key information
61.9%
Debt to equity ratio
د.ك36.50m
Debt
| Interest coverage ratio | 1.7x |
| Cash | د.ك8.06m |
| Equity | د.ك58.93m |
| Total liabilities | د.ك43.80m |
| Total assets | د.ك102.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: INJAZZAT's short term assets (KWD10.8M) exceed its short term liabilities (KWD6.3M).
Long Term Liabilities: INJAZZAT's short term assets (KWD10.8M) do not cover its long term liabilities (KWD37.5M).
Debt to Equity History and Analysis
Debt Level: INJAZZAT's net debt to equity ratio (48.3%) is considered high.
Reducing Debt: INJAZZAT's debt to equity ratio has reduced from 64.8% to 61.9% over the past 5 years.
Debt Coverage: INJAZZAT's debt is well covered by operating cash flow (33%).
Interest Coverage: INJAZZAT's interest payments on its debt are not well covered by EBIT (1.7x coverage).