Renaissance Services SAOG Balance Sheet Health
Financial Health criteria checks 5/6
Renaissance Services SAOG has a total shareholder equity of OMR103.5M and total debt of OMR70.4M, which brings its debt-to-equity ratio to 68%. Its total assets and total liabilities are OMR217.5M and OMR114.0M respectively. Renaissance Services SAOG's EBIT is OMR18.3M making its interest coverage ratio 5.2. It has cash and short-term investments of OMR16.8M.
Key information
68.0%
Debt to equity ratio
ر.ع70.40m
Debt
Interest coverage ratio | 5.2x |
Cash | ر.ع16.77m |
Equity | ر.ع103.50m |
Total liabilities | ر.ع113.99m |
Total assets | ر.ع217.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RNSS's short term assets (OMR70.1M) exceed its short term liabilities (OMR46.6M).
Long Term Liabilities: RNSS's short term assets (OMR70.1M) exceed its long term liabilities (OMR67.4M).
Debt to Equity History and Analysis
Debt Level: RNSS's net debt to equity ratio (51.8%) is considered high.
Reducing Debt: RNSS's debt to equity ratio has reduced from 223% to 68% over the past 5 years.
Debt Coverage: RNSS's debt is well covered by operating cash flow (25.9%).
Interest Coverage: RNSS's interest payments on its debt are well covered by EBIT (5.2x coverage).