Dhofar Insurance Company SAOG Balance Sheet Health
Financial Health criteria checks 5/6
Dhofar Insurance Company SAOG has a total shareholder equity of OMR36.6M and total debt of OMR2.0M, which brings its debt-to-equity ratio to 5.5%. Its total assets and total liabilities are OMR133.6M and OMR97.0M respectively. Dhofar Insurance Company SAOG's EBIT is OMR7.7M making its interest coverage ratio 43.7. It has cash and short-term investments of OMR17.1M.
Key information
5.5%
Debt to equity ratio
ر.ع2.00m
Debt
Interest coverage ratio | 43.7x |
Cash | ر.ع17.06m |
Equity | ر.ع36.63m |
Total liabilities | ر.ع96.96m |
Total assets | ر.ع133.59m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DICS's short term assets (OMR67.7M) exceed its short term liabilities (OMR4.2M).
Long Term Liabilities: DICS's short term assets (OMR67.7M) do not cover its long term liabilities (OMR92.8M).
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 25.8% to 5.5% over the past 5 years.
Debt Coverage: DICS's debt is well covered by operating cash flow (372.3%).
Interest Coverage: DICS's interest payments on its debt are well covered by EBIT (43.7x coverage).