Qatar: Selected Issues

International Monetary Fund

No 2018/136, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes the performance and vulnerabilities of Qatar’s nonfinancial corporate (NFC) sector. Qatar’s NFC sector is sizable in terms of the overall share of economic activity. The total turnover of these companies was US$ 28 billion in 2016. Assets of listed and non-listed NFCs in Qatar were estimated at about 115 percent of non-hydrocarbon GDP in 2016. Although profitability of Qatari corporates, as measured by Return on Equity and Return on Assets, has declined, it is still high. Qatari companies remain resilient in the face of moderate to severe interest and earnings shocks, as median Interest Coverage Ratio of Qatari firms remains well above 1. The impact of these shocks on debt-at-risk and firms-at-risk is also limited.

Keywords: ISCR; CR; private sector; earnings; credit growth; bank; NFC assets; earnings shock; IMF staff calculation; Qatari NFC sector; equity price; Qatar's Interest Coverage Ratio; Nonperforming loans; Oil prices; Credit; Stress testing; Commercial banks (search for similar items in EconPapers)
Pages: 18
Date: 2018-05-30
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