Oman National Engineering & Investment Company SAOG Balance Sheet Health
Financial Health criteria checks 2/6
Oman National Engineering & Investment Company SAOG has a total shareholder equity of OMR30.5M and total debt of OMR94.4M, which brings its debt-to-equity ratio to 309.4%. Its total assets and total liabilities are OMR148.8M and OMR118.3M respectively. Oman National Engineering & Investment Company SAOG's EBIT is OMR4.7M making its interest coverage ratio 2.2. It has cash and short-term investments of OMR3.1M.
Key information
309.4%
Debt to equity ratio
ر.ع94.41m
Debt
| Interest coverage ratio | 2.2x |
| Cash | ر.ع3.11m |
| Equity | ر.ع30.52m |
| Total liabilities | ر.ع118.31m |
| Total assets | ر.ع148.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ONES's short term assets (OMR100.6M) exceed its short term liabilities (OMR93.9M).
Long Term Liabilities: ONES's short term assets (OMR100.6M) exceed its long term liabilities (OMR24.4M).
Debt to Equity History and Analysis
Debt Level: ONES's net debt to equity ratio (299.2%) is considered high.
Reducing Debt: ONES's debt to equity ratio has increased from 250.6% to 309.4% over the past 5 years.
Debt Coverage: ONES's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ONES's interest payments on its debt are not well covered by EBIT (2.2x coverage).