Middle East Specialized Cables Balance Sheet Health
Financial Health criteria checks 6/6
Middle East Specialized Cables has a total shareholder equity of SAR377.6M and total debt of SAR9.0M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are SAR771.1M and SAR393.5M respectively. Middle East Specialized Cables's EBIT is SAR76.3M making its interest coverage ratio 17.5. It has cash and short-term investments of SAR21.0M.
Key information
2.4%
Debt to equity ratio
ر.س8.97m
Debt
| Interest coverage ratio | 17.5x |
| Cash | ر.س20.98m |
| Equity | ر.س377.64m |
| Total liabilities | ر.س393.50m |
| Total assets | ر.س771.13m |
Recent financial health updates
No updates
Recent updates
Middle East Specialized Cables (TADAWUL:2370) Is Looking To Continue Growing Its Returns On Capital
Apr 22
After 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 (SAR621.0M) exceed its short term liabilities (SAR343.1M).
Long Term Liabilities: 2370's short term assets (SAR621.0M) exceed its long term liabilities (SAR50.4M).
Debt to Equity History and Analysis
Debt Level: 2370 has more cash than its total debt.
Reducing Debt: 2370's debt to equity ratio has reduced from 31.8% to 2.4% over the past 5 years.
Debt Coverage: 2370's debt is well covered by operating cash flow (910.1%).
Interest Coverage: 2370's interest payments on its debt are well covered by EBIT (17.5x coverage).