Arabian Petroleum Balance Sheet Health
Financial Health criteria checks 4/6
Arabian Petroleum has a total shareholder equity of ₹537.1M and total debt of ₹267.6M, which brings its debt-to-equity ratio to 49.8%. Its total assets and total liabilities are ₹987.7M and ₹450.6M respectively. Arabian Petroleum's EBIT is ₹137.6M making its interest coverage ratio 5.3. It has cash and short-term investments of ₹12.2M.
Key information
49.8%
Debt to equity ratio
₹267.58m
Debt
| Interest coverage ratio | 5.3x |
| Cash | ₹12.19m |
| Equity | ₹537.12m |
| Total liabilities | ₹450.57m |
| Total assets | ₹987.70m |
Financial Position Analysis
Short Term Liabilities: ARABIAN's short term assets (₹846.5M) exceed its short term liabilities (₹435.5M).
Long Term Liabilities: ARABIAN's short term assets (₹846.5M) exceed its long term liabilities (₹15.1M).
Debt to Equity History and Analysis
Debt Level: ARABIAN's net debt to equity ratio (47.5%) is considered high.
Reducing Debt: ARABIAN's debt to equity ratio has reduced from 168.6% to 49.8% 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 (5.3x coverage).