Saudi Arabian Amiantit Balance Sheet Health
Financial Health criteria checks 2/6
Saudi Arabian Amiantit has a total shareholder equity of SAR195.0M and total debt of SAR1.2B, which brings its debt-to-equity ratio to 590.3%. Its total assets and total liabilities are SAR2.3B and SAR2.1B respectively. Saudi Arabian Amiantit's EBIT is SAR172.0M making its interest coverage ratio -19.5. It has cash and short-term investments of SAR33.1M.
Key information
590.3%
Debt to equity ratio
ر.س1.15b
Debt
| Interest coverage ratio | -19.5x |
| Cash | ر.س33.14m |
| Equity | ر.س194.99m |
| Total liabilities | ر.س2.11b |
| Total assets | ر.س2.31b |
Recent financial health updates
No updates
Recent updates
Investors Holding Back On The Saudi Arabian Amiantit Company (TADAWUL:2160)
Apr 18
The Saudi Arabian Amiantit Company (TADAWUL:2160) Stock Catapults 31% Though Its Price And Business Still Lag The Industry
Jan 01The Market Doesn't Like What It Sees From The Saudi Arabian Amiantit Company's (TADAWUL:2160) Revenues Yet
Jun 09How Much Did Saudi Arabian Amiantit's(TADAWUL:2160) Shareholders Earn From Share Price Movements Over The Last Five Years?
Dec 16
Financial Position Analysis
Short Term Liabilities: 2160's short term assets (SAR1.3B) do not cover its short term liabilities (SAR1.9B).
Long Term Liabilities: 2160's short term assets (SAR1.3B) exceed its long term liabilities (SAR226.9M).
Debt to Equity History and Analysis
Debt Level: 2160's net debt to equity ratio (573.3%) is considered high.
Reducing Debt: 2160's debt to equity ratio has increased from 213% to 590.3% over the past 5 years.
Debt Coverage: 2160's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: 2160 earns more interest than it pays, so coverage of interest payments is not a concern.