Al-Mashreq Insurance Public Shareholding Balance Sheet Health
Financial Health criteria checks 3/6
Al-Mashreq Insurance Public Shareholding has a total shareholder equity of $21.2M and total debt of $6.5M, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are $53.4M and $32.1M respectively. Al-Mashreq Insurance Public Shareholding's EBIT is $334.2K making its interest coverage ratio 3.2. It has cash and short-term investments of $5.8M.
Key information
30.5%
Debt to equity ratio
US$6.48m
Debt
Interest coverage ratio | 3.2x |
Cash | US$5.82m |
Equity | US$21.23m |
Total liabilities | US$32.15m |
Total assets | US$53.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIC's short term assets ($23.4M) do not cover its short term liabilities ($26.5M).
Long Term Liabilities: MIC's short term assets ($23.4M) exceed its long term liabilities ($5.7M).
Debt to Equity History and Analysis
Debt Level: MIC's net debt to equity ratio (3.1%) is considered satisfactory.
Reducing Debt: MIC's debt to equity ratio has increased from 0% to 30.5% over the past 5 years.
Debt Coverage: MIC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MIC's interest payments on its debt are well covered by EBIT (3.2x coverage).