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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 09:21 |
| End of Day Share Price | 2024/12/22 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Muscat City Desalination Company SAOG is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kanaga Sundar | Gulf Baader Capital Markets S.A.O.C. |
| null null | National Bank of Oman SAOG |
| Hettish Karmani | U Capital |