Ali Al-Ghanim Sons Automotive Company K.S.C.P Balance Sheet Health
Financial Health criteria checks 6/6
Ali Al-Ghanim Sons Automotive Company K.S.C.P has a total shareholder equity of KWD92.4M and total debt of KWD43.1M, which brings its debt-to-equity ratio to 46.6%. Its total assets and total liabilities are KWD223.2M and KWD130.8M respectively. Ali Al-Ghanim Sons Automotive Company K.S.C.P's EBIT is KWD31.4M making its interest coverage ratio 15.6. It has cash and short-term investments of KWD20.5M.
Key information
46.6%
Debt to equity ratio
د.ك43.07m
Debt
| Interest coverage ratio | 15.6x |
| Cash | د.ك20.48m |
| Equity | د.ك92.43m |
| Total liabilities | د.ك130.75m |
| Total assets | د.ك223.18m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALG's short term assets (KWD99.3M) exceed its short term liabilities (KWD79.5M).
Long Term Liabilities: ALG's short term assets (KWD99.3M) exceed its long term liabilities (KWD51.3M).
Debt to Equity History and Analysis
Debt Level: ALG's net debt to equity ratio (24.4%) is considered satisfactory.
Reducing Debt: ALG's debt to equity ratio has reduced from 108.3% to 46.6% over the past 5 years.
Debt Coverage: ALG's debt is well covered by operating cash flow (65.7%).
Interest Coverage: ALG's interest payments on its debt are well covered by EBIT (15.6x coverage).