Ali Al-Ghanim Sons Automotive Company K.S.C.P Balance Sheet Health
Financial Health criteria checks 5/6
Ali Al-Ghanim Sons Automotive Company K.S.C.P has a total shareholder equity of KWD90.8M and total debt of KWD65.5M, which brings its debt-to-equity ratio to 72.1%. Its total assets and total liabilities are KWD247.2M and KWD156.4M respectively. Ali Al-Ghanim Sons Automotive Company K.S.C.P's EBIT is KWD32.5M making its interest coverage ratio 10.8. It has cash and short-term investments of KWD16.4M.
Key information
72.1%
Debt to equity ratio
د.ك65.52m
Debt
| Interest coverage ratio | 10.8x |
| Cash | د.ك16.43m |
| Equity | د.ك90.84m |
| Total liabilities | د.ك156.39m |
| Total assets | د.ك247.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALG's short term assets (KWD119.6M) exceed its short term liabilities (KWD100.1M).
Long Term Liabilities: ALG's short term assets (KWD119.6M) exceed its long term liabilities (KWD56.3M).
Debt to Equity History and Analysis
Debt Level: ALG's net debt to equity ratio (54%) is considered high.
Reducing Debt: ALG's debt to equity ratio has reduced from 80.7% to 72.1% over the past 5 years.
Debt Coverage: ALG's debt is well covered by operating cash flow (37.8%).
Interest Coverage: ALG's interest payments on its debt are well covered by EBIT (10.8x coverage).