OQ Gas Networks SAOC Balance Sheet Health
Financial Health criteria checks 3/6
OQ Gas Networks SAOC has a total shareholder equity of OMR641.0M and total debt of OMR359.8M, which brings its debt-to-equity ratio to 56.1%. Its total assets and total liabilities are OMR1.1B and OMR480.3M respectively. OQ Gas Networks SAOC's EBIT is OMR78.6M making its interest coverage ratio 3.2. It has cash and short-term investments of OMR71.6M.
Key information
56.1%
Debt to equity ratio
ر.ع359.82m
Debt
| Interest coverage ratio | 3.2x |
| Cash | ر.ع71.55m |
| Equity | ر.ع640.98m |
| Total liabilities | ر.ع480.27m |
| Total assets | ر.ع1.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OQGN's short term assets (OMR89.0M) exceed its short term liabilities (OMR57.6M).
Long Term Liabilities: OQGN's short term assets (OMR89.0M) do not cover its long term liabilities (OMR422.6M).
Debt to Equity History and Analysis
Debt Level: OQGN's net debt to equity ratio (45%) 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 (22.3%).
Interest Coverage: OQGN's interest payments on its debt are well covered by EBIT (3.2x coverage).