QLM Life & Medical Insurance Company Q.P.S.C Balance Sheet Health
Financial Health criteria checks 4/6
QLM Life & Medical Insurance Company Q.P.S.C has a total shareholder equity of QAR606.0M and total debt of QAR286.7M, which brings its debt-to-equity ratio to 47.3%. Its total assets and total liabilities are QAR1.3B and QAR669.0M respectively. QLM Life & Medical Insurance Company Q.P.S.C's EBIT is QAR91.7M making its interest coverage ratio 5.2. It has cash and short-term investments of QAR520.8M.
Key information
47.3%
Debt to equity ratio
ر.ق286.75m
Debt
| Interest coverage ratio | 5.2x |
| Cash | ر.ق520.77m |
| Equity | ر.ق605.97m |
| Total liabilities | ر.ق668.99m |
| Total assets | ر.ق1.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: QLMI's short term assets (QAR602.9M) exceed its short term liabilities (QAR299.8M).
Long Term Liabilities: QLMI's short term assets (QAR602.9M) exceed its long term liabilities (QAR369.2M).
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 28.1% to 47.3% over the past 5 years.
Debt Coverage: QLMI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: QLMI's interest payments on its debt are well covered by EBIT (5.2x coverage).