ADES Holding Balance Sheet Health
Financial Health criteria checks 1/6
ADES Holding has a total shareholder equity of SAR6.1B and total debt of SAR10.2B, which brings its debt-to-equity ratio to 167.1%. Its total assets and total liabilities are SAR20.2B and SAR14.1B respectively. ADES Holding's EBIT is SAR1.4B making its interest coverage ratio 1.9. It has cash and short-term investments of SAR474.6M.
Key information
167.1%
Debt to equity ratio
ر.س10.17b
Debt
Interest coverage ratio | 1.9x |
Cash | ر.س474.61m |
Equity | ر.س6.08b |
Total liabilities | ر.س14.10b |
Total assets | ر.س20.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2382's short term assets (SAR2.7B) do not cover its short term liabilities (SAR3.4B).
Long Term Liabilities: 2382's short term assets (SAR2.7B) do not cover its long term liabilities (SAR10.7B).
Debt to Equity History and Analysis
Debt Level: 2382's net debt to equity ratio (159.3%) is considered high.
Reducing Debt: 2382's debt to equity ratio has increased from 146.2% to 167.1% over the past 5 years.
Debt Coverage: 2382's debt is well covered by operating cash flow (29.8%).
Interest Coverage: 2382's interest payments on its debt are not well covered by EBIT (1.9x coverage).