Arabian Drilling Balance Sheet Health
Financial Health criteria checks 5/6
Arabian Drilling has a total shareholder equity of SAR6.0B and total debt of SAR3.1B, which brings its debt-to-equity ratio to 51.2%. Its total assets and total liabilities are SAR10.7B and SAR4.7B respectively. Arabian Drilling's EBIT is SAR801.2M making its interest coverage ratio 7.3. It has cash and short-term investments of SAR1.4B.
Key information
51.2%
Debt to equity ratio
ر.س3.05b
Debt
Interest coverage ratio | 7.3x |
Cash | ر.س1.44b |
Equity | ر.س5.96b |
Total liabilities | ر.س4.73b |
Total assets | ر.س10.69b |
Recent financial health updates
No updates
Recent updates
Results: Arabian Drilling Company Exceeded Expectations And The Consensus Has Updated Its Estimates
Mar 22Returns On Capital At Arabian Drilling (TADAWUL:2381) Have Stalled
Feb 22Slowing Rates Of Return At Arabian Drilling (TADAWUL:2381) Leave Little Room For Excitement
Nov 08Analysts Are Updating Their Arabian Drilling Company (TADAWUL:2381) Estimates After Its Third-Quarter Results
Nov 08Does This Valuation Of Arabian Drilling Company (TADAWUL:2381) Imply Investors Are Overpaying?
Jul 18Pinning Down Arabian Drilling Company's (TADAWUL:2381) P/E Is Difficult Right Now
Feb 13Financial Position Analysis
Short Term Liabilities: 2381's short term assets (SAR2.8B) exceed its short term liabilities (SAR1.1B).
Long Term Liabilities: 2381's short term assets (SAR2.8B) do not cover its long term liabilities (SAR3.6B).
Debt to Equity History and Analysis
Debt Level: 2381's net debt to equity ratio (27.2%) is considered satisfactory.
Reducing Debt: 2381's debt to equity ratio has reduced from 74.6% to 51.2% over the past 5 years.
Debt Coverage: 2381's debt is well covered by operating cash flow (44.5%).
Interest Coverage: 2381's interest payments on its debt are well covered by EBIT (7.3x coverage).