Jazeera Airways K.S.C.P Balance Sheet Health
Financial Health criteria checks 3/6
Jazeera Airways K.S.C.P has a total shareholder equity of KWD39.4M and total debt of KWD42.0M, which brings its debt-to-equity ratio to 106.6%. Its total assets and total liabilities are KWD315.0M and KWD275.6M respectively. Jazeera Airways K.S.C.P's EBIT is KWD16.6M making its interest coverage ratio 2. It has cash and short-term investments of KWD64.0M.
Key information
106.6%
Debt to equity ratio
د.ك42.00m
Debt
| Interest coverage ratio | 2x |
| Cash | د.ك64.01m |
| Equity | د.ك39.38m |
| Total liabilities | د.ك275.58m |
| Total assets | د.ك314.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JAZEERA's short term assets (KWD92.5M) exceed its short term liabilities (KWD85.6M).
Long Term Liabilities: JAZEERA's short term assets (KWD92.5M) do not cover its long term liabilities (KWD190.0M).
Debt to Equity History and Analysis
Debt Level: JAZEERA has more cash than its total debt.
Reducing Debt: JAZEERA's debt to equity ratio has increased from 0% to 106.6% over the past 5 years.
Debt Coverage: JAZEERA's debt is well covered by operating cash flow (98.5%).
Interest Coverage: JAZEERA's interest payments on its debt are not well covered by EBIT (2x coverage).