Galfar Engineering & Contracting SAOG Balance Sheet Health
Financial Health criteria checks 1/6
Galfar Engineering & Contracting SAOG has a total shareholder equity of OMR23.4M and total debt of OMR70.8M, which brings its debt-to-equity ratio to 301.8%. Its total assets and total liabilities are OMR272.5M and OMR249.1M respectively. Galfar Engineering & Contracting SAOG's EBIT is OMR1.5M making its interest coverage ratio 0.4. It has cash and short-term investments of OMR7.0M.
Key information
301.8%
Debt to equity ratio
ر.ع70.77m
Debt
Interest coverage ratio | 0.4x |
Cash | ر.ع6.97m |
Equity | ر.ع23.45m |
Total liabilities | ر.ع249.06m |
Total assets | ر.ع272.51m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GECP's short term assets (OMR208.7M) do not cover its short term liabilities (OMR211.4M).
Long Term Liabilities: GECP's short term assets (OMR208.7M) exceed its long term liabilities (OMR37.7M).
Debt to Equity History and Analysis
Debt Level: GECP's net debt to equity ratio (272.1%) is considered high.
Reducing Debt: GECP's debt to equity ratio has increased from 217.1% to 301.8% 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: Insufficient data to determine if GECP has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if GECP has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.