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 OMR71.4M and total debt of OMR78.4M, which brings its debt-to-equity ratio to 109.8%. Its total assets and total liabilities are OMR164.8M and OMR93.4M respectively. Oman Flour Mills Company SAOG's EBIT is OMR7.9M making its interest coverage ratio 2.1. It has cash and short-term investments of OMR13.7M.
Key information
109.8%
Debt to equity ratio
ر.ع78.37m
Debt
Interest coverage ratio | 2.1x |
Cash | ر.ع13.75m |
Equity | ر.ع71.40m |
Total liabilities | ر.ع93.43m |
Total assets | ر.ع164.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OFMI's short term assets (OMR91.2M) exceed its short term liabilities (OMR66.0M).
Long Term Liabilities: OFMI's short term assets (OMR91.2M) exceed its long term liabilities (OMR27.4M).
Debt to Equity History and Analysis
Debt Level: OFMI's net debt to equity ratio (90.5%) is considered high.
Reducing Debt: OFMI's debt to equity ratio has increased from 23% to 109.8% over the past 5 years.
Debt Coverage: OFMI's debt is not well covered by operating cash flow (8%).
Interest Coverage: OFMI's interest payments on its debt are not well covered by EBIT (2.1x coverage).