Salalah Mills Company SAOG Balance Sheet Health
Financial Health criteria checks 3/6
Salalah Mills Company SAOG has a total shareholder equity of OMR32.5M and total debt of OMR42.9M, which brings its debt-to-equity ratio to 132.2%. Its total assets and total liabilities are OMR80.2M and OMR47.8M respectively. Salalah Mills Company SAOG's EBIT is OMR1.8M making its interest coverage ratio 0.9. It has cash and short-term investments of OMR3.3M.
Key information
132.2%
Debt to equity ratio
ر.ع42.92m
Debt
Interest coverage ratio | 0.9x |
Cash | ر.ع3.32m |
Equity | ر.ع32.45m |
Total liabilities | ر.ع47.78m |
Total assets | ر.ع80.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SFMI's short term assets (OMR45.9M) exceed its short term liabilities (OMR31.2M).
Long Term Liabilities: SFMI's short term assets (OMR45.9M) exceed its long term liabilities (OMR16.6M).
Debt to Equity History and Analysis
Debt Level: SFMI's net debt to equity ratio (122%) is considered high.
Reducing Debt: SFMI's debt to equity ratio has increased from 84.3% to 132.2% over the past 5 years.
Debt Coverage: SFMI's debt is well covered by operating cash flow (29.5%).
Interest Coverage: SFMI's interest payments on its debt are not well covered by EBIT (0.9x coverage).