Arabian Petroleum Balance Sheet Health
Financial Health criteria checks 4/6
Arabian Petroleum has a total shareholder equity of ₹490.8M and total debt of ₹351.2M, which brings its debt-to-equity ratio to 71.6%. Its total assets and total liabilities are ₹990.6M and ₹499.9M respectively. Arabian Petroleum's EBIT is ₹126.6M making its interest coverage ratio 4.6. It has cash and short-term investments of ₹46.4M.
Key information
71.6%
Debt to equity ratio
₹351.18m
Debt
| Interest coverage ratio | 4.6x |
| Cash | ₹46.40m |
| Equity | ₹490.77m |
| Total liabilities | ₹499.86m |
| Total assets | ₹990.63m |
Financial Position Analysis
Short Term Liabilities: ARABIAN's short term assets (₹844.2M) exceed its short term liabilities (₹479.3M).
Long Term Liabilities: ARABIAN's short term assets (₹844.2M) exceed its long term liabilities (₹20.5M).
Debt to Equity History and Analysis
Debt Level: ARABIAN's net debt to equity ratio (62.1%) is considered high.
Reducing Debt: ARABIAN's debt to equity ratio has reduced from 176.4% to 71.6% over the past 5 years.
Debt Coverage: ARABIAN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ARABIAN's interest payments on its debt are well covered by EBIT (4.6x coverage).