Kuwait and Gulf Link Transport Company K.P.S.C Balance Sheet Health
Financial Health criteria checks 2/6
Kuwait and Gulf Link Transport Company K.P.S.C has a total shareholder equity of KWD25.1M and total debt of KWD69.1M, which brings its debt-to-equity ratio to 274.9%. Its total assets and total liabilities are KWD175.2M and KWD150.1M respectively. Kuwait and Gulf Link Transport Company K.P.S.C's EBIT is KWD963.8K making its interest coverage ratio 0.2. It has cash and short-term investments of KWD6.0M.
Key information
274.9%
Debt to equity ratio
د.ك69.05m
Debt
| Interest coverage ratio | 0.2x |
| Cash | د.ك6.03m |
| Equity | د.ك25.12m |
| Total liabilities | د.ك150.12m |
| Total assets | د.ك175.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KGL's short term assets (KWD52.7M) do not cover its short term liabilities (KWD82.3M).
Long Term Liabilities: KGL's short term assets (KWD52.7M) do not cover its long term liabilities (KWD67.8M).
Debt to Equity History and Analysis
Debt Level: KGL's net debt to equity ratio (250.8%) is considered high.
Reducing Debt: KGL's debt to equity ratio has increased from 111.9% to 274.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable KGL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: KGL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 18.1% per year.