United Projects Company For Aviation Services K.S.C.P Balance Sheet Health
Financial Health criteria checks 2/6
United Projects Company For Aviation Services K.S.C.P has a total shareholder equity of KWD105.9M and total debt of KWD111.5M, which brings its debt-to-equity ratio to 105.3%. Its total assets and total liabilities are KWD226.1M and KWD120.2M respectively. United Projects Company For Aviation Services K.S.C.P's EBIT is KWD4.6M making its interest coverage ratio -147.9. It has cash and short-term investments of KWD6.7M.
Key information
105.3%
Debt to equity ratio
د.ك111.51m
Debt
| Interest coverage ratio | -147.9x |
| Cash | د.ك6.72m |
| Equity | د.ك105.92m |
| Total liabilities | د.ك120.16m |
| Total assets | د.ك226.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UPAC's short term assets (KWD8.8M) do not cover its short term liabilities (KWD118.5M).
Long Term Liabilities: UPAC's short term assets (KWD8.8M) exceed its long term liabilities (KWD1.7M).
Debt to Equity History and Analysis
Debt Level: UPAC's net debt to equity ratio (98.9%) is considered high.
Reducing Debt: UPAC's debt to equity ratio has increased from 8.1% to 105.3% over the past 5 years.
Debt Coverage: UPAC's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: UPAC earns more interest than it pays, so coverage of interest payments is not a concern.