National Detergent Company SAOG Balance Sheet Health
Financial Health criteria checks 6/6
National Detergent Company SAOG has a total shareholder equity of OMR17.4M and total debt of OMR2.9M, which brings its debt-to-equity ratio to 16.6%. Its total assets and total liabilities are OMR32.3M and OMR14.9M respectively. National Detergent Company SAOG's EBIT is OMR1.9M making its interest coverage ratio 7.2. It has cash and short-term investments of OMR775.7K.
Key information
16.6%
Debt to equity ratio
ر.ع2.90m
Debt
| Interest coverage ratio | 7.2x |
| Cash | ر.ع775.73k |
| Equity | ر.ع17.43m |
| Total liabilities | ر.ع14.88m |
| Total assets | ر.ع32.31m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NDTI's short term assets (OMR14.4M) exceed its short term liabilities (OMR11.2M).
Long Term Liabilities: NDTI's short term assets (OMR14.4M) exceed its long term liabilities (OMR3.7M).
Debt to Equity History and Analysis
Debt Level: NDTI's net debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: NDTI's debt to equity ratio has reduced from 39% to 16.6% over the past 5 years.
Debt Coverage: NDTI's debt is well covered by operating cash flow (48.4%).
Interest Coverage: NDTI's interest payments on its debt are well covered by EBIT (7.2x coverage).