Middle East Specialized Cables Balance Sheet Health
Financial Health criteria checks 6/6
Middle East Specialized Cables has a total shareholder equity of SAR446.3M and total debt of SAR58.6M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are SAR878.3M and SAR432.0M respectively. Middle East Specialized Cables's EBIT is SAR104.0M making its interest coverage ratio 45. It has cash and short-term investments of SAR37.9M.
Key information
13.1%
Debt to equity ratio
ر.س58.65m
Debt
| Interest coverage ratio | 45x |
| Cash | ر.س37.90m |
| Equity | ر.س446.31m |
| Total liabilities | ر.س431.98m |
| Total assets | ر.س878.29m |
Recent financial health updates
No updates
Recent updates
Middle East Specialized Cables Company (TADAWUL:2370) Might Not Be As Mispriced As It Looks
Sep 04
Shareholders Would Enjoy A Repeat Of Middle East Specialized Cables' (TADAWUL:2370) Recent Growth In Returns
Aug 06Middle East Specialized Cables (TADAWUL:2370) Is Looking To Continue Growing Its Returns On Capital
Apr 22After Leaping 26% Middle East Specialized Cables Company (TADAWUL:2370) Shares Are Not Flying Under The Radar
Mar 01Middle East Specialized Cables Company (TADAWUL:2370) Surges 30% Yet Its Low P/S Is No Reason For Excitement
Apr 18Middle East Specialized Cables (TADAWUL:2370) Might Have The Makings Of A Multi-Bagger
Oct 20We Think Middle East Specialized Cables' (TADAWUL:2370) Robust Earnings Are Conservative
Sep 15Investors Who Bought Middle East Specialized Cables (TADAWUL:2370) Shares A Year Ago Are Now Up 112%
Mar 02Here’s What’s Happening With Returns At Middle East Specialized Cables (TADAWUL:2370)
Jan 07
Financial Position Analysis
Short Term Liabilities: 2370's short term assets (SAR722.9M) exceed its short term liabilities (SAR389.8M).
Long Term Liabilities: 2370's short term assets (SAR722.9M) exceed its long term liabilities (SAR42.1M).
Debt to Equity History and Analysis
Debt Level: 2370's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: 2370's debt to equity ratio has reduced from 29.1% to 13.1% over the past 5 years.
Debt Coverage: 2370's debt is well covered by operating cash flow (30.7%).
Interest Coverage: 2370's interest payments on its debt are well covered by EBIT (45x coverage).