Muscat Gases Company SAOG Balance Sheet Health
Financial Health criteria checks 4/6
Muscat Gases Company SAOG has a total shareholder equity of OMR6.0M and total debt of OMR935.0K, which brings its debt-to-equity ratio to 15.6%. Its total assets and total liabilities are OMR11.5M and OMR5.5M respectively. Muscat Gases Company SAOG's EBIT is OMR920.3K making its interest coverage ratio -304.5. It has cash and short-term investments of OMR1.8M.
Key information
15.6%
Debt to equity ratio
ر.ع935.01k
Debt
Interest coverage ratio | -304.5x |
Cash | ر.ع1.76m |
Equity | ر.ع6.00m |
Total liabilities | ر.ع5.46m |
Total assets | ر.ع11.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGMC's short term assets (OMR7.1M) exceed its short term liabilities (OMR4.9M).
Long Term Liabilities: MGMC's short term assets (OMR7.1M) exceed its long term liabilities (OMR527.4K).
Debt to Equity History and Analysis
Debt Level: MGMC has more cash than its total debt.
Reducing Debt: MGMC's debt to equity ratio has increased from 0% to 15.6% over the past 5 years.
Debt Coverage: MGMC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MGMC earns more interest than it pays, so coverage of interest payments is not a concern.