Armah Sports Balance Sheet Health
Financial Health criteria checks 1/6
Armah Sports has a total shareholder equity of SAR378.0M and total debt of SAR303.1M, which brings its debt-to-equity ratio to 80.2%. Its total assets and total liabilities are SAR835.2M and SAR457.2M respectively. Armah Sports's EBIT is SAR12.1M making its interest coverage ratio 1.1. It has cash and short-term investments of SAR88.2M.
Key information
80.2%
Debt to equity ratio
ر.س303.08m
Debt
| Interest coverage ratio | 1.1x |
| Cash | ر.س88.22m |
| Equity | ر.س377.99m |
| Total liabilities | ر.س457.21m |
| Total assets | ر.س835.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9590's short term assets (SAR96.2M) do not cover its short term liabilities (SAR156.8M).
Long Term Liabilities: 9590's short term assets (SAR96.2M) do not cover its long term liabilities (SAR300.4M).
Debt to Equity History and Analysis
Debt Level: 9590's net debt to equity ratio (56.8%) is considered high.
Reducing Debt: Insufficient data to determine if 9590's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 9590's debt is well covered by operating cash flow (24.5%).
Interest Coverage: 9590's interest payments on its debt are not well covered by EBIT (1.1x coverage).