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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
Jazeera Airways Co. (K.S.C.) (طيران الجزيرة)
Main Activities: Air Transportation
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Company Information |
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Full name Jazeera Airways Co. (K.S.C.) (شركة طيران الجزيرة (ش.م.ك)) Headquarters P.O. Box 29288, Kuwait International Airport, Airport Road, Kuwait Safat 13153.; Al safat; Al Asimah |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: Deloitte Touche Tohmatsu (2012) Incorporation Date: March 3, 2004 Total Employees: 419 Tel: 965 24333304 |
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Company Description |
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In 2005 the Kuwait Government permitted the establishment of non-governmental airlines, essentially ending Kuwait’s 50-year old dependency on a single airline. The 2005 Emiree Decree #89 established Jazeera Airways as first airline to enter this newly liberalized industry. The company is engaged in the business of air transportation and commercial passenger services. The Airliner provides a low-fare business model for passengers, and owns a fleet of Airbus A320 aircrafts flying to different |
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 35.79%, from KWD 42,562.524 thousands to KWD 57,794.625 thousands. The results of the period reached KWD 10,555.08 thousands at the end of the period against KWD -2,804.567 thousands last year. Return on equity (Net income/Total equity) went from -18.17% to 40.79%, the Return On Asset (Net income / Total Asset) went from -1.62% to 5.99% and the Net Profit Margin (Net Income/Net Sales) went from -6.59% to 18.26% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 580.51% compared to 1021.98% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.23 to 0.43 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (non-cons) |
2011 Y (non-cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
198,238 |
176,076 |
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Current Assets |
49,585 |
17,559 |
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Total Liabilities |
140,213 |
150,201 |
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Shareholders Equity |
58,025 |
25,874 |
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Current Liabilities |
53,111 |
40,461 |
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| * All the accounts are in KWD. | ||
Income Statement
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Total Operating Revenue |
62,603 |
57,794 |
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Net Profit (Loss) |
13,943 |
10,555 |
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| * All the accounts are in KWD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
7.03% |
5.99% |
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Annualised Return on Assets (ROA) |
7.03% |
5.99% |
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Return on Equity (ROE) |
24.03% |
40.79% |
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Annualised Return on Equity (ROE) |
53.89% |
68.38% |
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Return on Sales (ROS) |
22.27% |
18.26% |
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Gross Profit Margin |
164.45% |
167.53% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
42.42x |
32.61x |
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Inventory Turnover |
282.09x |
312.99x |
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Current asset turnover |
1.26x |
3.29x |
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Fixed-asset turnover |
0.42x |
0.36x |
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Asset Turnover |
0.32x |
0.33x |
| Valuation figures and ratios | ||
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Enterprise value |
92,326 |
134,599 |
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Bookvalue (BV) |
58,025 |
25,874 |
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Net Cash |
-92,325 |
-134,599 |
| Liquidity Ratios | ||
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Current Ratio |
93.36% |
43.4% |
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Quick ratio |
92.94% |
42.94% |
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Doom's day ratio |
90.16% |
38.56% |
| Leverage Ratios | ||
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Leverage ratio |
341.64% |
680.51% |
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Debt to equity |
241.64% |
580.51% |
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Debt to total assets |
70.73% |
85.31% |
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Long Term Debt to Capital |
60.02% |
80.92% |
| Trend Ratios | ||
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Revenue Trend |
108.32% |
135.79% |
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Net Income Trend |
132.1% |
-376.35% |
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