Middle East Specialized Cables Balance Sheet Health
Financial Health criteria checks 5/6
Middle East Specialized Cables has a total shareholder equity of SAR464.3M and total debt of SAR85.7M, which brings its debt-to-equity ratio to 18.5%. Its total assets and total liabilities are SAR928.7M and SAR464.4M respectively. Middle East Specialized Cables's EBIT is SAR110.8M making its interest coverage ratio 31.7. It has cash and short-term investments of SAR19.3M.
Key information
18.46%
Debt to equity ratio
ر.س85.69m
Debt
| Interest coverage ratio | 31.7x |
| Cash | ر.س19.28m |
| Equity | ر.س464.25m |
| Total liabilities | ر.س464.44m |
| Total assets | ر.س928.69m |
Recent financial health updates
No updates
Recent updates
Middle East Specialized Cables' (TADAWUL:2370) Promising Earnings May Rest On Soft Foundations
Apr 04
Shareholders Would Enjoy A Repeat Of Middle East Specialized Cables' (TADAWUL:2370) Recent Growth In Returns
Feb 21Middle East Specialized Cables Company (TADAWUL:2370) Might Not Be As Mispriced As It Looks
Sep 04Shareholders Would Enjoy A Repeat Of Middle East Specialized Cables' (TADAWUL:2370) Recent Growth In Returns
Aug 06Middle East Specialized Cables (TADAWUL:2370) Is Looking To Continue Growing Its Returns On Capital
Apr 22After Leaping 26% Middle East Specialized Cables Company (TADAWUL:2370) Shares Are Not Flying Under The Radar
Mar 01Middle East Specialized Cables Company (TADAWUL:2370) Surges 30% Yet Its Low P/S Is No Reason For Excitement
Apr 18Middle East Specialized Cables (TADAWUL:2370) Might Have The Makings Of A Multi-Bagger
Oct 20We Think Middle East Specialized Cables' (TADAWUL:2370) Robust Earnings Are Conservative
Sep 15Investors Who Bought Middle East Specialized Cables (TADAWUL:2370) Shares A Year Ago Are Now Up 112%
Mar 02Here’s What’s Happening With Returns At Middle East Specialized Cables (TADAWUL:2370)
Jan 07
Financial Position Analysis
Short Term Liabilities: 2370's short term assets (SAR738.1M) exceed its short term liabilities (SAR422.4M).
Long Term Liabilities: 2370's short term assets (SAR738.1M) exceed its long term liabilities (SAR42.1M).
Debt to Equity History and Analysis
Debt Level: 2370's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: 2370's debt to equity ratio has reduced from 29.8% to 18.5% over the past 5 years.
Debt Coverage: 2370's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2370's interest payments on its debt are well covered by EBIT (31.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/14 18:54 |
| End of Day Share Price | 2025/05/14 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Middle East Specialized Cables Company is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wafaa Baddour | EFG-Hermes Research |
| Tarek El-Shawarby | EFG-Hermes Research |
| Raj Sinha | HSBC |