Phoenix Power Company SAOG Balance Sheet Health
Financial Health criteria checks 3/6
Phoenix Power Company SAOG has a total shareholder equity of OMR251.4M and total debt of OMR192.7M, which brings its debt-to-equity ratio to 76.7%. Its total assets and total liabilities are OMR523.7M and OMR272.3M respectively. Phoenix Power Company SAOG's EBIT is OMR37.0M making its interest coverage ratio 3.5. It has cash and short-term investments of OMR23.2M.
Key information
76.7%
Debt to equity ratio
ر.ع192.70m
Debt
| Interest coverage ratio | 3.5x |
| Cash | ر.ع23.19m |
| Equity | ر.ع251.37m |
| Total liabilities | ر.ع272.29m |
| Total assets | ر.ع523.66m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PHPC's short term assets (OMR43.4M) do not cover its short term liabilities (OMR60.2M).
Long Term Liabilities: PHPC's short term assets (OMR43.4M) do not cover its long term liabilities (OMR212.1M).
Debt to Equity History and Analysis
Debt Level: PHPC's net debt to equity ratio (67.4%) is considered high.
Reducing Debt: PHPC's debt to equity ratio has reduced from 197% to 76.7% over the past 5 years.
Debt Coverage: PHPC's debt is well covered by operating cash flow (21.7%).
Interest Coverage: PHPC's interest payments on its debt are well covered by EBIT (3.5x coverage).