ADES Holding Balance Sheet Health
Financial Health criteria checks 2/6
ADES Holding has a total shareholder equity of SAR6.2B and total debt of SAR11.3B, which brings its debt-to-equity ratio to 181.9%. Its total assets and total liabilities are SAR21.1B and SAR14.8B respectively. ADES Holding's EBIT is SAR1.7B making its interest coverage ratio 2.2. It has cash and short-term investments of SAR982.8M.
Key information
181.9%
Debt to equity ratio
ر.س11.32b
Debt
| Interest coverage ratio | 2.2x |
| Cash | ر.س982.84m |
| Equity | ر.س6.22b |
| Total liabilities | ر.س14.83b |
| Total assets | ر.س21.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2382's short term assets (SAR3.5B) exceed its short term liabilities (SAR3.2B).
Long Term Liabilities: 2382's short term assets (SAR3.5B) do not cover its long term liabilities (SAR11.6B).
Debt to Equity History and Analysis
Debt Level: 2382's net debt to equity ratio (166.1%) is considered high.
Reducing Debt: 2382's debt to equity ratio has increased from 161.5% to 181.9% over the past 5 years.
Debt Coverage: 2382's debt is well covered by operating cash flow (25.1%).
Interest Coverage: 2382's interest payments on its debt are not well covered by EBIT (2.2x coverage).