Taageer Finance Company SAOG Balance Sheet Health
Financial Health criteria checks 2/6
Taageer Finance Company SAOG has a total shareholder equity of OMR50.5M and total debt of OMR155.3M, which brings its debt-to-equity ratio to 307.6%. Its total assets and total liabilities are OMR242.5M and OMR192.0M respectively.
Key information
307.6%
Debt to equity ratio
ر.ع155.34m
Debt
Interest coverage ratio | n/a |
Cash | ر.ع12.02m |
Equity | ر.ع50.50m |
Total liabilities | ر.ع192.03m |
Total assets | ر.ع242.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TFCI's short term assets (OMR240.9M) exceed its short term liabilities (OMR131.4M).
Long Term Liabilities: TFCI's short term assets (OMR240.9M) exceed its long term liabilities (OMR60.6M).
Debt to Equity History and Analysis
Debt Level: TFCI's net debt to equity ratio (283.8%) is considered high.
Reducing Debt: TFCI's debt to equity ratio has increased from 285.4% to 307.6% over the past 5 years.
Debt Coverage: TFCI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if TFCI's interest payments on its debt are well covered by EBIT.