OQ Gas Networks SAOC Balance Sheet Health
Financial Health criteria checks 2/6
OQ Gas Networks SAOC has a total shareholder equity of OMR647.0M and total debt of OMR329.5M, which brings its debt-to-equity ratio to 50.9%. Its total assets and total liabilities are OMR1.1B and OMR454.7M respectively. OQ Gas Networks SAOC's EBIT is OMR72.1M making its interest coverage ratio 3.6. It has cash and short-term investments of OMR53.5M.
Key information
50.9%
Debt to equity ratio
ر.ع329.47m
Debt
Interest coverage ratio | 3.6x |
Cash | ر.ع53.50m |
Equity | ر.ع646.98m |
Total liabilities | ر.ع454.70m |
Total assets | ر.ع1.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OQGN's short term assets (OMR71.0M) do not cover its short term liabilities (OMR71.6M).
Long Term Liabilities: OQGN's short term assets (OMR71.0M) do not cover its long term liabilities (OMR383.1M).
Debt to Equity History and Analysis
Debt Level: OQGN's net debt to equity ratio (42.7%) 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 (27.5%).
Interest Coverage: OQGN's interest payments on its debt are well covered by EBIT (3.6x coverage).