Shamal Az-Zour Al-Oula Power and Water Company KSC (Public) Balance Sheet Health
Financial Health criteria checks 2/6
Shamal Az-Zour Al-Oula Power and Water Company KSC (Public) has a total shareholder equity of KWD132.3M and total debt of KWD310.1M, which brings its debt-to-equity ratio to 234.3%. Its total assets and total liabilities are KWD453.9M and KWD321.6M respectively. Shamal Az-Zour Al-Oula Power and Water Company KSC (Public)'s EBIT is KWD29.8M making its interest coverage ratio 1.6. It has cash and short-term investments of KWD15.3M.
Key information
234.3%
Debt to equity ratio
د.ك310.09m
Debt
| Interest coverage ratio | 1.6x |
| Cash | د.ك15.31m |
| Equity | د.ك132.33m |
| Total liabilities | د.ك321.61m |
| Total assets | د.ك453.94m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AZNOULA's short term assets (KWD40.9M) exceed its short term liabilities (KWD29.9M).
Long Term Liabilities: AZNOULA's short term assets (KWD40.9M) do not cover its long term liabilities (KWD291.8M).
Debt to Equity History and Analysis
Debt Level: AZNOULA's net debt to equity ratio (222.8%) is considered high.
Reducing Debt: AZNOULA's debt to equity ratio has reduced from 557.3% to 234.3% over the past 5 years.
Debt Coverage: AZNOULA's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: AZNOULA's interest payments on its debt are not well covered by EBIT (1.6x coverage).