OQ Gas Networks SAOC Balance Sheet Health

Financial Health criteria checks 3/6

OQ Gas Networks SAOC has a total shareholder equity of OMR616.5M and total debt of OMR367.8M, which brings its debt-to-equity ratio to 59.7%. Its total assets and total liabilities are OMR1.1B and OMR476.9M respectively. OQ Gas Networks SAOC's EBIT is OMR75.5M making its interest coverage ratio 3.7. It has cash and short-term investments of OMR50.3M.

Key information

59.7%

Debt to equity ratio

ر.ع367.84m

Debt

Interest coverage ratio3.7x
Cashر.ع50.27m
Equityر.ع616.55m
Total liabilitiesر.ع476.94m
Total assetsر.ع1.09b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: OQGN's short term assets (OMR70.7M) exceed its short term liabilities (OMR62.0M).

Long Term Liabilities: OQGN's short term assets (OMR70.7M) do not cover its long term liabilities (OMR414.9M).


Debt to Equity History and Analysis

Debt Level: OQGN's net debt to equity ratio (51.5%) is considered high.

Reducing Debt: Insufficient data to determine if OQGN's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: OQGN's debt is well covered by operating cash flow (22.7%).

Interest Coverage: OQGN's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


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