Arabian Drilling Balance Sheet Health
Financial Health criteria checks 4/6
Arabian Drilling has a total shareholder equity of SAR5.9B and total debt of SAR2.9B, which brings its debt-to-equity ratio to 50.1%. Its total assets and total liabilities are SAR10.4B and SAR4.6B respectively. Arabian Drilling's EBIT is SAR781.1M making its interest coverage ratio 4. It has cash and short-term investments of SAR380.6M.
Key information
50.1%
Debt to equity ratio
ر.س2.94b
Debt
| Interest coverage ratio | 4x |
| Cash | ر.س380.56m |
| Equity | ر.س5.87b |
| Total liabilities | ر.س4.55b |
| Total assets | ر.س10.42b |
Recent financial health updates
No updates
Recent updates
We Like These Underlying Return On Capital Trends At Arabian Drilling (TADAWUL:2381)
Oct 05
Some Investors May Be Willing To Look Past Arabian Drilling's (TADAWUL:2381) Soft Earnings
Aug 13Arabian Drilling Company (TADAWUL:2381) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Aug 10Slowing Rates Of Return At Arabian Drilling (TADAWUL:2381) Leave Little Room For Excitement
Jun 19Results: 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 (SAR1.8B) exceed its short term liabilities (SAR1.2B).
Long Term Liabilities: 2381's short term assets (SAR1.8B) do not cover its long term liabilities (SAR3.3B).
Debt to Equity History and Analysis
Debt Level: 2381's net debt to equity ratio (43.6%) is considered high.
Reducing Debt: 2381's debt to equity ratio has reduced from 71.1% to 50.1% over the past 5 years.
Debt Coverage: 2381's debt is well covered by operating cash flow (50.6%).
Interest Coverage: 2381's interest payments on its debt are well covered by EBIT (4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 12:46 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Arabian Drilling Company is covered by 15 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jassim Al-Jubran | Aljazira Capital Company |
| Madhu Appissa | Al Rajhi Capital |
| Mazen Al-Sudairi | Al Rajhi Capital |