Barka Desalination Company SAOG Balance Sheet Health
Financial Health criteria checks 1/6
Barka Desalination Company SAOG has a total shareholder equity of OMR18.0M and total debt of OMR78.5M, which brings its debt-to-equity ratio to 436.2%. Its total assets and total liabilities are OMR104.8M and OMR86.8M respectively. Barka Desalination Company SAOG's EBIT is OMR4.9M making its interest coverage ratio 1.3. It has cash and short-term investments of OMR2.4M.
Key information
436.2%
Debt to equity ratio
ر.ع78.54m
Debt
Interest coverage ratio | 1.3x |
Cash | ر.ع2.43m |
Equity | ر.ع18.01m |
Total liabilities | ر.ع86.83m |
Total assets | ر.ع104.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BRDE's short term assets (OMR4.3M) do not cover its short term liabilities (OMR6.6M).
Long Term Liabilities: BRDE's short term assets (OMR4.3M) do not cover its long term liabilities (OMR80.2M).
Debt to Equity History and Analysis
Debt Level: BRDE's net debt to equity ratio (422.7%) is considered high.
Reducing Debt: BRDE's debt to equity ratio has reduced from 2623.6% to 436.2% over the past 5 years.
Debt Coverage: BRDE's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: BRDE's interest payments on its debt are not well covered by EBIT (1.3x coverage).