Shell Oman Marketing Company SAOG Balance Sheet Health
Financial Health criteria checks 1/6
Shell Oman Marketing Company SAOG has a total shareholder equity of OMR53.5M and total debt of OMR55.5M, which brings its debt-to-equity ratio to 103.7%. Its total assets and total liabilities are OMR167.8M and OMR114.3M respectively. Shell Oman Marketing Company SAOG's EBIT is OMR7.1M making its interest coverage ratio 2.4. It has cash and short-term investments of OMR4.0M.
Key information
103.7%
Debt to equity ratio
ر.ع55.48m
Debt
Interest coverage ratio | 2.4x |
Cash | ر.ع4.00m |
Equity | ر.ع53.51m |
Total liabilities | ر.ع114.26m |
Total assets | ر.ع167.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOMS's short term assets (OMR63.6M) do not cover its short term liabilities (OMR76.7M).
Long Term Liabilities: SOMS's short term assets (OMR63.6M) exceed its long term liabilities (OMR37.5M).
Debt to Equity History and Analysis
Debt Level: SOMS's net debt to equity ratio (96.2%) is considered high.
Reducing Debt: SOMS's debt to equity ratio has increased from 45.9% to 103.7% over the past 5 years.
Debt Coverage: SOMS's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: SOMS's interest payments on its debt are not well covered by EBIT (2.4x coverage).