Dar Al-Thuraya Real Estate K.S.C. (Public) Balance Sheet Health
Financial Health criteria checks 4/6
Dar Al-Thuraya Real Estate K.S.C. (Public) has a total shareholder equity of KWD17.6M and total debt of KWD981.3K, which brings its debt-to-equity ratio to 5.6%. Its total assets and total liabilities are KWD20.9M and KWD3.3M respectively. Dar Al-Thuraya Real Estate K.S.C. (Public)'s EBIT is KWD373.9K making its interest coverage ratio 7.1. It has cash and short-term investments of KWD894.4K.
Key information
5.6%
Debt to equity ratio
د.ك981.35k
Debt
| Interest coverage ratio | 7.1x |
| Cash | د.ك894.40k |
| Equity | د.ك17.59m |
| Total liabilities | د.ك3.34m |
| Total assets | د.ك20.93m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THURAYA's short term assets (KWD3.9M) exceed its short term liabilities (KWD3.3M).
Long Term Liabilities: THURAYA's short term assets (KWD3.9M) exceed its long term liabilities (KWD23.7K).
Debt to Equity History and Analysis
Debt Level: THURAYA's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: THURAYA's debt to equity ratio has increased from 0% to 5.6% over the past 5 years.
Debt Coverage: THURAYA's debt is not well covered by operating cash flow (12%).
Interest Coverage: THURAYA's interest payments on its debt are well covered by EBIT (7.1x coverage).