Dhofar Insurance Company SAOG Balance Sheet Health
Financial Health criteria checks 5/6
Dhofar Insurance Company SAOG has a total shareholder equity of OMR38.5M and total debt of OMR1,000.0K, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are OMR133.8M and OMR95.4M respectively. Dhofar Insurance Company SAOG's EBIT is OMR7.0M making its interest coverage ratio 39.1. It has cash and short-term investments of OMR21.3M.
Key information
2.6%
Debt to equity ratio
ر.ع1.00m
Debt
| Interest coverage ratio | 39.1x |
| Cash | ر.ع21.33m |
| Equity | ر.ع38.45m |
| Total liabilities | ر.ع95.36m |
| Total assets | ر.ع133.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DICS's short term assets (OMR65.5M) exceed its short term liabilities (OMR1.8M).
Long Term Liabilities: DICS's short term assets (OMR65.5M) do not cover its long term liabilities (OMR93.6M).
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 23.3% to 2.6% over the past 5 years.
Debt Coverage: DICS's debt is well covered by operating cash flow (1222.2%).
Interest Coverage: DICS's interest payments on its debt are well covered by EBIT (39.1x coverage).