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 ratio | 3.7x |
| Cash | ر.ع50.27m |
| Equity | ر.ع616.55m |
| Total liabilities | ر.ع476.94m |
| Total assets | ر.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).