Dhofar Insurance Company SAOG Balance Sheet Health
Financial Health criteria checks 5/6
Dhofar Insurance Company SAOG has a total shareholder equity of OMR38.0M and total debt of OMR2.0M, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are OMR124.3M and OMR86.2M respectively. Dhofar Insurance Company SAOG's EBIT is OMR8.0M making its interest coverage ratio 50.8. It has cash and short-term investments of OMR25.2M.
Key information
5.3%
Debt to equity ratio
ر.ع2.00m
Debt
| Interest coverage ratio | 50.8x |
| Cash | ر.ع25.16m |
| Equity | ر.ع38.03m |
| Total liabilities | ر.ع86.25m |
| Total assets | ر.ع124.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DICS's short term assets (OMR68.6M) exceed its short term liabilities (OMR1.3M).
Long Term Liabilities: DICS's short term assets (OMR68.6M) do not cover its long term liabilities (OMR85.0M).
Debt to Equity History and Analysis
Debt Level: DICS has more cash than its total debt.
Reducing Debt: DICS's debt to equity ratio has reduced from 24.8% to 5.3% over the past 5 years.
Debt Coverage: DICS's debt is well covered by operating cash flow (259.1%).
Interest Coverage: DICS's interest payments on its debt are well covered by EBIT (50.8x coverage).