QLM Life & Medical Insurance Company Q.P.S.C Balance Sheet Health
Financial Health criteria checks 3/6
QLM Life & Medical Insurance Company Q.P.S.C has a total shareholder equity of QAR627.3M and total debt of QAR254.2M, which brings its debt-to-equity ratio to 40.5%. Its total assets and total liabilities are QAR1.4B and QAR770.7M respectively. QLM Life & Medical Insurance Company Q.P.S.C's EBIT is QAR95.0M making its interest coverage ratio 5.2. It has cash and short-term investments of QAR666.1M.
Key information
40.5%
Debt to equity ratio
ر.ق254.21m
Debt
| Interest coverage ratio | 5.2x |
| Cash | ر.ق666.11m |
| Equity | ر.ق627.27m |
| Total liabilities | ر.ق770.71m |
| Total assets | ر.ق1.40b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: QLMI's short term assets (QAR761.3M) do not cover its short term liabilities (QAR761.6M).
Long Term Liabilities: QLMI's short term assets (QAR761.3M) exceed its long term liabilities (QAR9.1M).
Debt to Equity History and Analysis
Debt Level: QLMI has more cash than its total debt.
Reducing Debt: QLMI's debt to equity ratio has increased from 0% to 40.5% over the past 5 years.
Debt Coverage: QLMI's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: QLMI's interest payments on its debt are well covered by EBIT (5.2x coverage).