Sharqiyah Desalination Company SAOG Balance Sheet Health
Financial Health criteria checks 2/6
Sharqiyah Desalination Company SAOG has a total shareholder equity of OMR16.3M and total debt of OMR42.1M, which brings its debt-to-equity ratio to 258.5%. Its total assets and total liabilities are OMR64.3M and OMR48.0M respectively. Sharqiyah Desalination Company SAOG's EBIT is OMR3.4M making its interest coverage ratio 1.1. It has cash and short-term investments of OMR1.8M.
Key information
258.5%
Debt to equity ratio
ر.ع42.06m
Debt
Interest coverage ratio | 1.1x |
Cash | ر.ع1.76m |
Equity | ر.ع16.27m |
Total liabilities | ر.ع47.99m |
Total assets | ر.ع64.26m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHRQ's short term assets (OMR7.4M) exceed its short term liabilities (OMR5.7M).
Long Term Liabilities: SHRQ's short term assets (OMR7.4M) do not cover its long term liabilities (OMR42.2M).
Debt to Equity History and Analysis
Debt Level: SHRQ's net debt to equity ratio (247.7%) is considered high.
Reducing Debt: SHRQ's debt to equity ratio has reduced from 387.6% to 258.5% over the past 5 years.
Debt Coverage: SHRQ's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: SHRQ's interest payments on its debt are not well covered by EBIT (1.1x coverage).