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 OMR23.4M and total debt of OMR51.3M, which brings its debt-to-equity ratio to 219.1%. Its total assets and total liabilities are OMR83.8M and OMR60.4M respectively. Muscat City Desalination Company SAOG's EBIT is OMR5.5M making its interest coverage ratio 2.1. It has cash and short-term investments of OMR2.9M.
Key information
219.1%
Debt to equity ratio
ر.ع51.35m
Debt
| Interest coverage ratio | 2.1x |
| Cash | ر.ع2.88m |
| Equity | ر.ع23.43m |
| Total liabilities | ر.ع60.39m |
| Total assets | ر.ع83.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCDE's short term assets (OMR4.9M) do not cover its short term liabilities (OMR6.9M).
Long Term Liabilities: MCDE's short term assets (OMR4.9M) do not cover its long term liabilities (OMR53.5M).
Debt to Equity History and Analysis
Debt Level: MCDE's net debt to equity ratio (206.8%) is considered high.
Reducing Debt: MCDE's debt to equity ratio has reduced from 531% to 219.1% over the past 5 years.
Debt Coverage: MCDE's debt is not well covered by operating cash flow (15.8%).
Interest Coverage: MCDE's interest payments on its debt are not well covered by EBIT (2.1x coverage).