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 OMR30.4M and total debt of OMR100.3M, which brings its debt-to-equity ratio to 329.5%. Its total assets and total liabilities are OMR167.5M and OMR137.1M respectively. Oman National Engineering & Investment Company SAOG's EBIT is OMR5.1M making its interest coverage ratio 2.1. It has cash and short-term investments of OMR12.3M.
Key information
329.5%
Debt to equity ratio
ر.ع100.28m
Debt
| Interest coverage ratio | 2.1x |
| Cash | ر.ع12.27m |
| Equity | ر.ع30.43m |
| Total liabilities | ر.ع137.07m |
| Total assets | ر.ع167.51m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ONES's short term assets (OMR112.8M) exceed its short term liabilities (OMR102.9M).
Long Term Liabilities: ONES's short term assets (OMR112.8M) exceed its long term liabilities (OMR34.2M).
Debt to Equity History and Analysis
Debt Level: ONES's net debt to equity ratio (289.2%) is considered high.
Reducing Debt: ONES's debt to equity ratio has increased from 207.9% to 329.5% over the past 5 years.
Debt Coverage: ONES's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: ONES's interest payments on its debt are not well covered by EBIT (2.1x coverage).