Spinneys 1961 Holding Balance Sheet Health
Financial Health criteria checks 3/6
Spinneys 1961 Holding has a total shareholder equity of AED193.3M and total debt of AED6.9M, which brings its debt-to-equity ratio to 3.6%. Its total assets and total liabilities are AED2.0B and AED1.8B respectively. Spinneys 1961 Holding's EBIT is AED474.2M making its interest coverage ratio 12.1. It has cash and short-term investments of AED379.0M.
Key information
3.6%
Debt to equity ratio
د.إ6.88m
Debt
| Interest coverage ratio | 12.1x |
| Cash | د.إ378.95m |
| Equity | د.إ193.34m |
| Total liabilities | د.إ1.79b |
| Total assets | د.إ1.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPINNEYS's short term assets (AED594.2M) do not cover its short term liabilities (AED847.4M).
Long Term Liabilities: SPINNEYS's short term assets (AED594.2M) do not cover its long term liabilities (AED946.5M).
Debt to Equity History and Analysis
Debt Level: SPINNEYS has more cash than its total debt.
Reducing Debt: Insufficient data to determine if SPINNEYS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SPINNEYS's debt is well covered by operating cash flow (10962.6%).
Interest Coverage: SPINNEYS's interest payments on its debt are well covered by EBIT (12.1x coverage).