Tanmiah Food Balance Sheet Health
Financial Health criteria checks 5/6
Tanmiah Food has a total shareholder equity of SAR742.8M and total debt of SAR572.7M, which brings its debt-to-equity ratio to 77.1%. Its total assets and total liabilities are SAR2.6B and SAR1.8B respectively. Tanmiah Food's EBIT is SAR177.2M making its interest coverage ratio 3.7. It has cash and short-term investments of SAR134.2M.
Key information
77.1%
Debt to equity ratio
ر.س572.68m
Debt
| Interest coverage ratio | 3.7x |
| Cash | ر.س134.25m |
| Equity | ر.س742.81m |
| Total liabilities | ر.س1.83b |
| Total assets | ر.س2.58b |
Recent financial health updates
No updates
Recent updates
Investors Shouldn't Be Too Comfortable With Tanmiah Food's (TADAWUL:2281) Earnings
Nov 14
Market Participants Recognise Tanmiah Food Company's (TADAWUL:2281) Earnings
Jul 26Tanmiah Food (TADAWUL:2281) May Have Issues Allocating Its Capital
Apr 30Market Might Still Lack Some Conviction On Tanmiah Food Company (TADAWUL:2281) Even After 25% Share Price Boost
Feb 15Tanmiah Food Company's (TADAWUL:2281) Popularity With Investors Is Clear
Dec 08There Are Reasons To Feel Uneasy About Tanmiah Food's (TADAWUL:2281) Returns On Capital
Nov 06Tanmiah Food's (TADAWUL:2281) Soft Earnings Are Actually Better Than They Appear
Nov 16Financial Position Analysis
Short Term Liabilities: 2281's short term assets (SAR1.3B) exceed its short term liabilities (SAR938.2M).
Long Term Liabilities: 2281's short term assets (SAR1.3B) exceed its long term liabilities (SAR894.1M).
Debt to Equity History and Analysis
Debt Level: 2281's net debt to equity ratio (59%) is considered high.
Reducing Debt: 2281's debt to equity ratio has reduced from 145% to 77.1% over the past 5 years.
Debt Coverage: 2281's debt is well covered by operating cash flow (30.8%).
Interest Coverage: 2281's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 00:22 |
| End of Day Share Price | 2024/12/22 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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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
Tanmiah Food Company is covered by 7 analysts. 1 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 |
|---|---|
| Talha Nazar ul Haque | Aljazira Capital Company |
| Mazen Al-Sudairi | Al Rajhi Capital |
| Pratik Khandelwal | Al Rajhi Capital |