Oman Flour Mills Company SAOG Balance Sheet Health
Financial Health criteria checks 2/6
Oman Flour Mills Company SAOG has a total shareholder equity of OMR73.2M and total debt of OMR69.0M, which brings its debt-to-equity ratio to 94.3%. Its total assets and total liabilities are OMR153.2M and OMR80.0M respectively. Oman Flour Mills Company SAOG's EBIT is OMR10.4M making its interest coverage ratio 2.8. It has cash and short-term investments of OMR10.6M.
Key information
94.3%
Debt to equity ratio
ر.ع69.04m
Debt
| Interest coverage ratio | 2.8x |
| Cash | ر.ع10.62m |
| Equity | ر.ع73.19m |
| Total liabilities | ر.ع80.03m |
| Total assets | ر.ع153.22m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OFMI's short term assets (OMR80.5M) exceed its short term liabilities (OMR53.6M).
Long Term Liabilities: OFMI's short term assets (OMR80.5M) exceed its long term liabilities (OMR26.4M).
Debt to Equity History and Analysis
Debt Level: OFMI's net debt to equity ratio (79.8%) is considered high.
Reducing Debt: OFMI's debt to equity ratio has increased from 28.8% to 94.3% over the past 5 years.
Debt Coverage: OFMI's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: OFMI's interest payments on its debt are not well covered by EBIT (2.8x coverage).