Muscat City Desalination Company SAOG Balance Sheet Health
Financial Health criteria checks 1/6
Muscat City Desalination Company SAOG has a total shareholder equity of OMR22.6M and total debt of OMR54.3M, which brings its debt-to-equity ratio to 240.2%. Its total assets and total liabilities are OMR85.1M and OMR62.5M respectively. Muscat City Desalination Company SAOG's EBIT is OMR5.6M making its interest coverage ratio 2.1. It has cash and short-term investments of OMR2.0M.
Key information
240.2%
Debt to equity ratio
ر.ع54.33m
Debt
Interest coverage ratio | 2.1x |
Cash | ر.ع1.97m |
Equity | ر.ع22.61m |
Total liabilities | ر.ع62.51m |
Total assets | ر.ع85.12m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCDE's short term assets (OMR3.7M) do not cover its short term liabilities (OMR6.4M).
Long Term Liabilities: MCDE's short term assets (OMR3.7M) do not cover its long term liabilities (OMR56.1M).
Debt to Equity History and Analysis
Debt Level: MCDE's net debt to equity ratio (231.5%) is considered high.
Reducing Debt: MCDE's debt to equity ratio has reduced from 454.9% to 240.2% over the past 5 years.
Debt Coverage: MCDE's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: MCDE's interest payments on its debt are not well covered by EBIT (2.1x coverage).