Naqi Water Balance Sheet Health
Financial Health criteria checks 5/6
Naqi Water has a total shareholder equity of SAR262.3M and total debt of SAR6.8M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are SAR303.8M and SAR41.4M respectively. Naqi Water's EBIT is SAR33.1M making its interest coverage ratio 41.1. It has cash and short-term investments of SAR92.6M.
Key information
2.6%
Debt to equity ratio
ر.س6.78m
Debt
| Interest coverage ratio | 41.1x |
| Cash | ر.س92.57m |
| Equity | ر.س262.32m |
| Total liabilities | ر.س41.45m |
| Total assets | ر.س303.77m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2282's short term assets (SAR159.2M) exceed its short term liabilities (SAR31.2M).
Long Term Liabilities: 2282's short term assets (SAR159.2M) exceed its long term liabilities (SAR10.2M).
Debt to Equity History and Analysis
Debt Level: 2282 has more cash than its total debt.
Reducing Debt: 2282's debt to equity ratio has increased from 0% to 2.6% over the past 5 years.
Debt Coverage: 2282's debt is well covered by operating cash flow (616.8%).
Interest Coverage: 2282's interest payments on its debt are well covered by EBIT (41.1x coverage).