Spinneys 1961 Holding Balance Sheet Health
Financial Health criteria checks 3/6
Spinneys 1961 Holding has a total shareholder equity of AED188.5M and total debt of AED6.9M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are AED2.0B and AED1.8B respectively. Spinneys 1961 Holding's EBIT is AED327.2M making its interest coverage ratio 7.3. It has cash and short-term investments of AED469.6M.
Key information
3.7%
Debt to equity ratio
د.إ6.93m
Debt
Interest coverage ratio | 7.3x |
Cash | د.إ469.58m |
Equity | د.إ188.54m |
Total liabilities | د.إ1.79b |
Total assets | د.إ1.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPINNEYS's short term assets (AED655.0M) do not cover its short term liabilities (AED903.8M).
Long Term Liabilities: SPINNEYS's short term assets (AED655.0M) do not cover its long term liabilities (AED889.4M).
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 (12399.6%).
Interest Coverage: SPINNEYS's interest payments on its debt are well covered by EBIT (7.3x coverage).