Majan Glass Company SAOG Balance Sheet Health
Financial Health criteria checks 2/6
Majan Glass Company SAOG has a total shareholder equity of OMR-487.8K and total debt of OMR4.4M, which brings its debt-to-equity ratio to -909.4%. Its total assets and total liabilities are OMR11.6M and OMR12.1M respectively.
Key information
-909.4%
Debt to equity ratio
ر.ع4.44m
Debt
| Interest coverage ratio | n/a |
| Cash | ر.ع14.34k |
| Equity | -ر.ع487.81k |
| Total liabilities | ر.ع12.10m |
| Total assets | ر.ع11.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGCI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MGCI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: MGCI has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MGCI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MGCI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MGCI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 33.4% per year.