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Sulaymaniyah Steel Manufacturing, a prominent player in Iraq's steel industry, presents its balance sheet as of December 31, 2023, with the following details: Total Assets:

Sulaymaniyah Steel Manufacturing, a prominent player in Iraq's steel industry, presents its balance sheet as of December 31, 2023, with the following details:

  • Total Assets: IQD 150,000,000
  • Total Liabilities: IQD 50,000,000
  • Shareholders' Equity: IQD 100,000,000

Discuss the financial health of Sulaymaniyah Steel Manufacturing based on its balance sheet. Evaluate its liquidity, solvency, and overall financial stability. Additionally, calculate and interpret the debt-to-equity ratio and return on equity to provide comprehensive insights into the company's financial position.

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