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 KWD120.3M and total debt of KWD331.0M, which brings its debt-to-equity ratio to 275.1%. Its total assets and total liabilities are KWD464.0M and KWD343.7M respectively. Shamal Az-Zour Al-Oula Power and Water Company KSC (Public)'s EBIT is KWD32.1M making its interest coverage ratio 1.7. It has cash and short-term investments of KWD11.9M.
Key information
275.1%
Debt to equity ratio
د.ك331.03m
Debt
Interest coverage ratio | 1.7x |
Cash | د.ك11.88m |
Equity | د.ك120.31m |
Total liabilities | د.ك343.68m |
Total assets | د.ك463.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AZNOULA's short term assets (KWD43.5M) exceed its short term liabilities (KWD30.5M).
Long Term Liabilities: AZNOULA's short term assets (KWD43.5M) do not cover its long term liabilities (KWD313.1M).
Debt to Equity History and Analysis
Debt Level: AZNOULA's net debt to equity ratio (265.3%) is considered high.
Reducing Debt: AZNOULA's debt to equity ratio has reduced from 521.7% to 275.1% over the past 5 years.
Debt Coverage: AZNOULA's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: AZNOULA's interest payments on its debt are not well covered by EBIT (1.7x coverage).