Jazeera Airways K.S.C.P Balance Sheet Health
Financial Health criteria checks 2/6
Jazeera Airways K.S.C.P has a total shareholder equity of KWD22.6M and total debt of KWD39.5M, which brings its debt-to-equity ratio to 174.7%. Its total assets and total liabilities are KWD290.0M and KWD267.4M respectively. Jazeera Airways K.S.C.P's EBIT is KWD11.0M making its interest coverage ratio 1.5. It has cash and short-term investments of KWD38.8M.
Key information
174.7%
Debt to equity ratio
د.ك39.50m
Debt
| Interest coverage ratio | 1.5x |
| Cash | د.ك38.79m |
| Equity | د.ك22.61m |
| Total liabilities | د.ك267.40m |
| Total assets | د.ك290.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JAZEERA's short term assets (KWD69.5M) do not cover its short term liabilities (KWD70.3M).
Long Term Liabilities: JAZEERA's short term assets (KWD69.5M) do not cover its long term liabilities (KWD197.1M).
Debt to Equity History and Analysis
Debt Level: JAZEERA's net debt to equity ratio (3.1%) is considered satisfactory.
Reducing Debt: JAZEERA's debt to equity ratio has increased from 0% to 174.7% over the past 5 years.
Debt Coverage: JAZEERA's debt is well covered by operating cash flow (72.7%).
Interest Coverage: JAZEERA's interest payments on its debt are not well covered by EBIT (1.5x coverage).