Tanmiah Food Balance Sheet Health
Financial Health criteria checks 4/6
Tanmiah Food has a total shareholder equity of SAR680.3M and total debt of SAR413.5M, which brings its debt-to-equity ratio to 60.8%. Its total assets and total liabilities are SAR2.0B and SAR1.3B respectively. Tanmiah Food's EBIT is SAR136.7M making its interest coverage ratio 4.8. It has cash and short-term investments of SAR111.0M.
Key information
60.8%
Debt to equity ratio
ر.س413.49m
Debt
| Interest coverage ratio | 4.8x |
| Cash | ر.س111.03m |
| Equity | ر.س680.27m |
| Total liabilities | ر.س1.33b |
| Total assets | ر.س2.01b |
Recent financial health updates
No updates
Recent updates
Tanmiah Food (TADAWUL:2281) May Have Issues Allocating Its Capital
Apr 30
Market 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 (SAR976.1M) exceed its short term liabilities (SAR780.7M).
Long Term Liabilities: 2281's short term assets (SAR976.1M) exceed its long term liabilities (SAR551.4M).
Debt to Equity History and Analysis
Debt Level: 2281's net debt to equity ratio (44.5%) is considered high.
Reducing Debt: 2281's debt to equity ratio has increased from 0% to 60.8% over the past 5 years.
Debt Coverage: 2281's debt is well covered by operating cash flow (32%).
Interest Coverage: 2281's interest payments on its debt are well covered by EBIT (4.8x coverage).