Majan Glass Company SAOG Balance Sheet Health
Financial Health criteria checks 3/6
Majan Glass Company SAOG has a total shareholder equity of OMR396.3K and total debt of OMR6.5M, which brings its debt-to-equity ratio to 1646.3%. Its total assets and total liabilities are OMR11.7M and OMR11.3M respectively.
Key information
1,646.3%
Debt to equity ratio
ر.ع6.52m
Debt
| Interest coverage ratio | n/a |
| Cash | ر.ع49.90k |
| Equity | ر.ع396.35k |
| Total liabilities | ر.ع11.27m |
| Total assets | ر.ع11.66m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGCI's short term assets (OMR6.3M) do not cover its short term liabilities (OMR7.1M).
Long Term Liabilities: MGCI's short term assets (OMR6.3M) exceed its long term liabilities (OMR4.2M).
Debt to Equity History and Analysis
Debt Level: MGCI's net debt to equity ratio (1633.7%) is considered high.
Reducing Debt: MGCI's debt to equity ratio has increased from 112.5% to 1646.3% over the past 5 years.
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 47.8% per year.