Qatar General Insurance & Reinsurance Company Q.P.S.C Balance Sheet Health
Financial Health criteria checks 2/6
Qatar General Insurance & Reinsurance Company Q.P.S.C has a total shareholder equity of QAR3.3B and total debt of QAR1.0B, which brings its debt-to-equity ratio to 32%. Its total assets and total liabilities are QAR5.6B and QAR2.3B respectively.
Key information
32.0%
Debt to equity ratio
ر.ق1.04b
Debt
Interest coverage ratio | n/a |
Cash | ر.ق424.47m |
Equity | ر.ق3.27b |
Total liabilities | ر.ق2.31b |
Total assets | ر.ق5.57b |
Financial Position Analysis
Short Term Liabilities: QGRI's short term assets (QAR1.1B) exceed its short term liabilities (QAR6.0M).
Long Term Liabilities: QGRI's short term assets (QAR1.1B) do not cover its long term liabilities (QAR2.3B).
Debt to Equity History and Analysis
Debt Level: QGRI's net debt to equity ratio (19%) is considered satisfactory.
Reducing Debt: QGRI's debt to equity ratio has increased from 30.4% to 32% over the past 5 years.
Debt Coverage: QGRI's debt is not well covered by operating cash flow (2.3%).
Interest Coverage: Insufficient data to determine if QGRI's interest payments on its debt are well covered by EBIT.