Munshaat Real Estate Projects Company K.S.C.P Balance Sheet Health
Financial Health criteria checks 1/6
Munshaat Real Estate Projects Company K.S.C.P has a total shareholder equity of KWD13.3M and total debt of KWD37.5M, which brings its debt-to-equity ratio to 281.7%. Its total assets and total liabilities are KWD86.2M and KWD72.9M respectively. Munshaat Real Estate Projects Company K.S.C.P's EBIT is KWD9.7M making its interest coverage ratio 3.2. It has cash and short-term investments of KWD6.4M.
Key information
281.7%
Debt to equity ratio
د.ك37.46m
Debt
| Interest coverage ratio | 3.2x |
| Cash | د.ك6.40m |
| Equity | د.ك13.30m |
| Total liabilities | د.ك72.95m |
| Total assets | د.ك86.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MUNSHAAT's short term assets (KWD12.5M) do not cover its short term liabilities (KWD18.6M).
Long Term Liabilities: MUNSHAAT's short term assets (KWD12.5M) do not cover its long term liabilities (KWD54.3M).
Debt to Equity History and Analysis
Debt Level: MUNSHAAT's net debt to equity ratio (233.6%) is considered high.
Reducing Debt: MUNSHAAT's debt to equity ratio has increased from 112% to 281.7% over the past 5 years.
Debt Coverage: MUNSHAAT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MUNSHAAT's interest payments on its debt are well covered by EBIT (3.2x coverage).