A'Saffa Foods SAOG Balance Sheet Health
Financial Health criteria checks 1/6
A'Saffa Foods SAOG has a total shareholder equity of OMR40.4M and total debt of OMR50.2M, which brings its debt-to-equity ratio to 124.4%. Its total assets and total liabilities are OMR101.9M and OMR61.6M respectively. A'Saffa Foods SAOG's EBIT is OMR7.6M making its interest coverage ratio 2.8. It has cash and short-term investments of OMR3.3M.
Key information
124.4%
Debt to equity ratio
ر.ع50.20m
Debt
Interest coverage ratio | 2.8x |
Cash | ر.ع3.26m |
Equity | ر.ع40.36m |
Total liabilities | ر.ع61.56m |
Total assets | ر.ع101.92m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPFI's short term assets (OMR35.0M) exceed its short term liabilities (OMR23.0M).
Long Term Liabilities: SPFI's short term assets (OMR35.0M) do not cover its long term liabilities (OMR38.5M).
Debt to Equity History and Analysis
Debt Level: SPFI's net debt to equity ratio (116.3%) is considered high.
Reducing Debt: SPFI's debt to equity ratio has increased from 31.2% to 124.4% over the past 5 years.
Debt Coverage: SPFI's debt is not well covered by operating cash flow (13.4%).
Interest Coverage: SPFI's interest payments on its debt are not well covered by EBIT (2.8x coverage).