First Milling Balance Sheet Health
Financial Health criteria checks 3/6
First Milling has a total shareholder equity of SAR876.7M and total debt of SAR1.1B, which brings its debt-to-equity ratio to 127.9%. Its total assets and total liabilities are SAR2.5B and SAR1.6B respectively. First Milling's EBIT is SAR309.4M making its interest coverage ratio 3.5. It has cash and short-term investments of SAR205.3M.
Key information
127.9%
Debt to equity ratio
ر.س1.12b
Debt
| Interest coverage ratio | 3.5x |
| Cash | ر.س205.27m |
| Equity | ر.س876.73m |
| Total liabilities | ر.س1.63b |
| Total assets | ر.س2.51b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2283's short term assets (SAR392.4M) exceed its short term liabilities (SAR358.2M).
Long Term Liabilities: 2283's short term assets (SAR392.4M) do not cover its long term liabilities (SAR1.3B).
Debt to Equity History and Analysis
Debt Level: 2283's net debt to equity ratio (104.5%) is considered high.
Reducing Debt: 2283's debt to equity ratio has increased from 0% to 127.9% over the past 5 years.
Debt Coverage: 2283's debt is well covered by operating cash flow (24.8%).
Interest Coverage: 2283's interest payments on its debt are well covered by EBIT (3.5x coverage).